Digital Striker Private Limited, an optical fiber tools and equipment company founded by Priyanka, has raised $1 million (approx. ₹8.5 crore) from Foxhog Ventures, the USA-based venture capital firm led by CEO, Mr. Tarun Poddar. The funding will be used to set up India’s first manufacturing unit for optical fiber tools and equipment, a space currently dominated entirely by Chinese imports.The Problem Digital Striker Is SolvingIndia’s optical fiber industry is 100% dependent on China for tools and equipment products essential for building and maintaining the country’s digital infrastructure. Currently, only 35% of India’s mobile towers are connected through fiber, signaling massive untapped potential. Despite this, not a single company in India manufactures tools like fiber strippers, cleavers, VFLs, power meters, or splicing machines locally. This dependency has created a chain of challenges 100% advance payment requirements, 3-month delivery cycles via sea freight, bulk order mandates, and no local service support.What the Funding Will DoThe $1 million investment will be deployed across two key areas. Approximately ₹5-6 crore will go toward setting up the manufacturing plant, hiring talent, and establishing offices in key metro cities across India. The remaining ₹4-5 crore will support import operations to fulfill existing demand while local… Read MoreStartupTalky- Business News, Insights and Stories
