CapGrid raises 50 crore rupees in pre Series B funding round

Delhi NCR based B2B manufacturing startup CapGrid has raised 50 crore rupees, or about 5.2 million dollars, in a pre Series B funding round. Bharat Fast reported that Hero Enterprise Venture Partners, the investment arm of Hero Enterprise led by Sunil Munjal, led the investment round. [1]

Existing and external investors including Axilor Ventures, Anicut Capital, Nexus Venture Partners, and angel investors also participated in the funding. CapGrid co-founder and chief executive Dheeraj Tiwari told Inc42 that the round valued the company at 430 crore rupees, or approximately 45.3 million dollars. Bharat Fast noted that the transaction included both primary and secondary equity sales. [1]

CapGrid operates a cloud manufacturing platform that coordinates component design, development, production, and delivery without owning its own factories. According to Bharat Fast, the company plans to use the new capital to manufacture higher end precision components. [1]