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Founded
2020
Headquarters
Gurugram (India)
Status
Series A
Company Details
CapGrid is a technology-driven "Design-to-Deliver" company that consolidates component manufacturing for various industries. It specializes in the supply of components within the automotive and industrial manufacturing sectors. CapGrid was founded in 2020 by Dheeraj Tiwari and Himanshu Singh Raghuvanshi.
Business Model
CapGrid operates as a cloud manufacturer for Original Equipment Manufacturers (OEMs) by partnering with Tier-2 suppliers across India.
The company focuses on simplifying the complexities OEMs face with low-value parts, such as fasteners, gaskets, bearings, and wiring connectors.
CapGrid aims to create economies of scale for its suppliers to offer competitive rates.
It operates in the automotive and industrial segments. CapGrid initially focused on the automotive industry but has expanded into the consumer durables sector.
Mission
CapGrid's mission is to be a trusted cloud manufacturer of precision components, leveraging the capabilities of the manufacturing ecosystem.
The company aims to provide tier visibility and traceability across the component lifecycle value chain through its technology.
Key Metrics
Total Equity Funding
$17.3Million
No. of Funding Rounds
5
Latest Funding Round
$5.0Million, Series A
as of February 12, 2025
Post Money Valuation
$30.5million
as of N/A
Funding Multiple
-
as of N/A
Investors
Anicut Capital
and 7 moreEmployee Count
116
Similar Companies
TIEA
Exit Details
N/A
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| February 12, 2025 | Series A | $5.0Million | $30.5million | - | - | Nexus Venture Partners, Axilor Ventures |
| January 24, 2025 | Series A | $3.3Million | - | - | - | Anicut Capital, Axilor Ventures, Nexus Venture Partners |
| August 12, 2024 | Series A | $1.4Million | $25.6Million | - | - | Nexus Venture Partners, Anicut Capital, Axilor Ventures,Unity Small Finance Bank |
| January 5, 2023 | Series A | $7.0Million | $24.8Million | $4.7Million | 3.3x | Nexus Venture Partners, Axilor Ventures, Anicut Capital , InteQuant Advisors, JSA, sarvaankassociates.com |
| September 2, 2021 | Seed | $603.0K | $2.5Million | $387.0K | 4.8x | Anicut Capital, Axilor Ventures, First Cheque, Dominor , CENSIE |