# Electrade

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/electrade

- Industry: Electronics
- Headquarters: New Delhi, India
- Website: www.hnhcart.com
- Latest round: Seed (Nov 29, 2024)
- Investors on record: 1

## About

Based in New Delhi, India, and founded in 2019 by founder Rishikesh Ranjan, HatchnHack Solutions Private Limited doing business as Electrade, operates as an electronic company providing boards, sensors, modules, robotics parts, and soldering tools along with custom services, including 3D printing and EMS (electronics manufacturing services). In November 2024, Electrade raised seed funding led by DeVC.

HnHCart specializes in the online retail of electronic components, serving B2B and direct consumer markets. The company offers a range of products including basic components such as resistors, capacitors, and diodes, as well as specialized items like sensors, power supplies, and development boards. As of 2024, the firm’s product functionality serves various applications in robotics, automation, and IoT. As of 2024, the company’s platform serves a wide range of customer base, including hobbyists, engineers, and businesses involved in electronics manufacturing and development within India.

The company generates revenue by selling electronics products from its e-commerce platform.

The firm plans to use the funding from November 2024 to improve its AI-driven SaaS solutions, as well as its sales, marketing, and team expansion efforts.

## Funding rounds

- Seed, Nov 29, 2024 — DeVC

## Investors

- DeVC (https://capitalatlas.ai/funds/devc) — Seed