CapGrid Secures ₹50 Cr Funding To Deepen Its Manufacturing Play

Delhi NCR-based B2B manufacturer CapGrid has secured ₹50 Cr ($5.2 Mn) in a Pre-Series B funding round to enhance its manufacturing capabilities and enter new sectors like drone production and data centres. The investment, led by Hero Enterprise Venture Partners and others, valued the company at ₹430 Cr ($45.3 Mn). CapGrid's cloud manufacturing platform connects with third-party suppliers to design, develop, produce, and deliver components, using AI and ML to optimize supply chain operations.

The startup, founded in 2021 by Dheeraj Tiwari and Himanshu Raghuvanshi, currently hosts fulfillment centres across India's major OEM clusters. Moving forward, CapGrid aims to move beyond automotive manufacturing and into drone manufacturing and data centres, seeking to leverage its supplier network and OEM relationships to enter more complex manufacturing domains.