Keychain, a U.S. startup that helps consumer brands find manufacturing partners, has raised $30 million in fresh funding to expand its India-based development team.
Though headquartered in New York, Keychain runs its core engineering and product operations from Gurugram, India. The team will grow from 35 to nearly 100 within a year. The platform is already used by eight of the top 10 U.S. retailers, including 7-Eleven and Whole Foods, and major CPG brands like General Mills.
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The startup is also developing KeychainOS, an AI-powered suite to help manufacturers manage food safety, procurement, inventory, and production planning. With over 30,000 manufacturers on its platform, Keychain earns an average of $20,000 per manufacturer annually.
The Series B round, led by Wellington Management and BoxGroup, brings Keychain’s total funding to $68M, with a post-money valuation higher than its last $260M round.
