Indkal Technologies, a Bengaluru-based company that is a leader in display technology, has announced a $20 million investment in its Series B bridge round. This is a big step forward for India’s growing consumer electronics industry. This money, which comes from current investors and a few family offices, will help Wobble Displays, Indkal’s main high-end brand for TVs and interactive screens, grow much faster. The announcement comes at a key time for the company, as it launches its ambitious Maximus series, which includes India’s largest television, a 116.5-inch model. This makes Wobble a leader in the field of large-format display innovation.
Anand Dubey, a former employee of Compaq’s television business, started Indkal Technologies in 2020. The company has quickly grown from a contract manufacturer to a full-service player in consumer electronics. The company makes a lot of different things, like air conditioners, washing machines, refrigerators, and smartphones. It often works with big companies like Acer and Black & Decker to do this. However, Wobble Displays is Indkal’s brave step into its own branded ecosystem, with cutting-edge visuals that promise to turn living rooms into immersive theaters. This new round of funding builds on Indkal’s previous $36 million Series A raise in 2024, which was led by Aries Opportunities Fund and helped the company improve its infrastructure for appliances and wearables.
The $20 million bridge is more than just a way to stay afloat; it’s also a way to speed up your plans. “This round is a big step forward in our work with Wobble Displays,” said Anand Dubey, CEO of Indkal Technologies. It will improve our research and development capabilities, our sales and service infrastructure, and the launch of new types of displays. The money will go to research and development to improve display technologies, like advanced LED panels and interactive features that are made for smart homes. Indkal wants to get into more urban and semi-urban markets in India, where demand for high-end home entertainment is growing. To do this, they need to expand their sales network. Marketing efforts will make Wobble even more of a “homegrown luxury brand,” competing with big names like Samsung and LG while also appealing to national pride.
The new Maximus series from Wobble Displays is at the center of this growth. The main product is a huge 116.5-inch TV, which is the biggest screen size ever sold in India. There are also 98-inch and 86-inch models that have 4K Ultra HD resolution, quantum dot technology for bright colors, and AI-enhanced upscaling for smooth streaming. These screens are not only bigger, but they are also smarter. They have built-in voice assistants, can connect to multiple screens, and are designed to use less energy, which fits with India’s push for environmentally friendly electronics. The Maximus series is aimed at wealthy households that want a movie theater experience without giving up space or style. It is priced competitively for the high-end market.
Wobble Displays’ unique selling point is its “wobble-free” viewing technology, which is where the brand name comes from. This technology reduces motion blur and makes sure that images are crystal clear during fast-paced content like sports or action movies. Indkal’s in-house engineering and partnerships with well-known companies like Dixon Technologies for manufacturing have led to this new idea. The partnership makes sure that production is of high quality on a large scale, taking advantage of India’s growing electronics manufacturing ecosystem. As Dubey said in a recent press release, the money will also help with after-sales support, such as longer warranties and service centers all over the country. This is a common problem in the Indian market.
The timing of this funding couldn’t be better. India’s consumer electronics market is growing quickly and is expected to reach $150 billion by 2030. This is due to rising disposable incomes, more people moving to cities, and more people using digital devices. The holiday season, which starts with Diwali in late October, usually brings in more than 30% of the year’s sales of durable goods like TVs. Indkal plans to make Wobble available on a wide range of displays during this time, such as interactive whiteboards for schools and businesses and commercial signage for businesses. This diversification could take advantage of the growing edtech and digital out-of-home advertising markets, where large, high-resolution displays are in high demand.
In addition, this bridge round is part of a bigger plan. Indkal is in advanced talks for an extra $80 million by the end of the fiscal year. This could lead to a $100 million round by March 2026. This money would go beyond displays to smartphones and other appliances made by brands like Perrel. The company is also looking into partnerships to make smartphones, taking advantage of the PLI (Production Linked Incentive) program that has brought big companies to India. Indkal is in a good position to grow its Electronics Manufacturing Services (EMS) business and build its own portfolio because it has licenses from Acer for TVs and phones.
The investor confidence is in line with what is happening in India’s startup scene as a whole. Family offices and other current investors see Indkal as a bet on being able to make your own tech hardware. The government’s programs, such as the INR 22,919 crore Electronics Component Manufacturing Scheme that was approved earlier this year, have made investments less risky by encouraging local production. Indkal’s partnerships with Dixon and PG Electronics for TVs and ACs make its supply chain even stronger. This means it doesn’t have to rely as much on imports and is less affected by global problems like chip shortages.
There are still problems to deal with. The market for high-end displays is very competitive, with Korean and Chinese companies with more money for research and development leading the way. Indkal has to deal with pricing pressures, especially since customers are weighing value against well-known brands. Another problem is that the supply chain needs to be localized, but the funding will help pay for sub-assembly manufacturing. There are concerns about e-waste and energy use with big displays, but Wobble’s models use recyclable materials and low-power modes to fix these issues.
This money puts Indkal in a good position to reach its global goals in the future. Dubey’s first focus is on India, but he wants to export Wobble Displays once they have a strong presence in India. “India’s status as a place for product R&D, development, and manufacturing has grown many times over.” “We are in a good position to take advantage of this ecosystem and compete globally with Wobble,” he said. Working with international OEMs could lead to co-branded products in Southeast Asia and the Middle East, where demand for large screens is growing.
Wobble Displays marks the start of a time when luxury is easy to get for everyone. Picture a 116-inch screen taking over your living room, bringing you Netflix marathons or IPL games with stadium-like immersion—all thanks to an Indian inventor. Indkal’s growth not only creates jobs in Bengaluru’s tech hub, but it also inspires a new generation of homegrown brands. This $20 million isn’t just money to help the company grow; it’s also a way to change how Indians use technology.
In short, Indkal Technologies’ most recent funding round shows how active India’s electronics revolution is. The company is bridging the gap between new ideas and everyday use by giving Wobble Displays the power to wobble. As the holiday lights go up, so does Indkal’s future: bright, bold, and unapologetically Indian.
