CapGrid Secures ₹50 Cr Funding to Expand Manufacturing Operations

CapGrid, a B2B manufacturing startup based in Delhi NCR, has raised ₹50 crore ($5.2 million) in a pre-Series B funding round. The investment values the company at ₹430 crore ($45.3 million). The capital will support research and development for precision components and facilitate expansion into the drone manufacturing and data center sectors.

2021: Founding and Business Model

Dheeraj Tiwari and Himanshu Raghuvanshi founded the company in 2021. The startup operates a cloud-based manufacturing platform that connects original equipment manufacturers (OEMs) with third-party suppliers. CapGrid utilizes artificial intelligence and machine learning to match orders with supplier capacity, which the company estimates operates at approximately 60% utilization. The platform also manages production scheduling, quality control, and logistics through 14 fulfillment centers located near major OEM clusters in India.

Recent Financial Performance

The company reported an operating revenue of ₹240 crore for the 2026 fiscal year, representing a 14% increase. Management has set a revenue target of ₹350 crore for the 2027 fiscal year. The startup’s annualised revenue run rate currently sits between ₹360 crore and ₹370 crore, with a stated goal of reaching ₹500 crore.

The Pre-Series B Round

Hero Enterprise Venture Partners led the latest investment round, which included both primary and secondary transactions. Additional participation came from Axilor Ventures, Anicut Capital, Nexus Venture Partners, and several angel investors. This follows a previous $5 million investment raised during an extended Series A round.

Future Outlook

CapGrid intends to transition from its initial focus on the automotive sector into more complex manufacturing areas, including drones and data centers. The company plans to use the new funds to develop higher-end engineered precision components. Success in this shift will depend on the firm’s ability to provide engineering expertise beyond its existing supply chain management services.