CAPGRID, a leading cloud manufacturer of precision components, has secured $5.0 million in an extended Series A funding round led by Anicut Capital, which meticulously invests in companies across all stages of growth with continued participation from Nexus Venture Partners and Axilor Ventures.
In keeping with the industry’s strong faith in CAPGRID’s business model, supply chain know-how, and growth trajectory, this round also welcomes two strategic investors: Mr. Vivek Vikram Singh, MD & Group CEO of Sona Comstar, and Mr. Sunjay Kapur, Chairman of Sona Comstar and immediate past president of ACMA.
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Mr. Sunjay Kapur, Chairman, Sona Comstar, commented, “CAPGRID’s business model is essential as we look at scaling manufacturing in India. Taking away the pain of working with a large supply base and optimising the supply chain for companies will only help companies focus on their core strengths. As CAPGRID builds competencies in working with supply chains from different industries they are in a great position to become the purchase organisation for companies in India as well as across the globe.
With the goal of empowering MSME manufacturers, the new funding will hasten CAPGRID’s entry into targeted international markets, leveraging AI-based technology to improve supply chain visibility and traceability and bolster the scalable competence of strategic manufacturing partners across a wider range of industries and component categories.
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Mr. Vivek Vikram Singh, MD & Group CEO of Sona Comstar shared his views “India’s manufacturing supply chains are like Gordian knots – too complex, fragmented and lacking efficiency of scale. CAPGRID with their cloud centric technology approach cuts through this complexity and provides a more economical and efficient consolidation solution to customers, while providing small suppliers a bigger platform to reach many new customers. A true win-win for the whole supply chain”.
With manufacturers increasingly seeking flexible, technology-enabled supply chains, CAPGRID is leveraging digital integration, real-time data insights, and a highly scalable supplier network to ensure expedited component manufacturing, streamlined procurement, enhanced traceability, and always-on fulfilment. This transformative approach not only reduces complexity but also accelerates innovation, improves cost efficiency, and enables manufacturers to adapt faster to evolving market needs.
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Mr. Dhruv Kapoor, Partner, Growth and Late-stage Equity at Anicut Capital stated, “CAPGRID’s cloud competent manufacturing brings granularity and visibility to in-efficient supply chains in automotive and consumer durable sectors. It ensures these companies focus on critical areas while CAPGRID takes ownership of non-critical components in their value chain by working closely with suppliers. CAPGRID’s solution is much needed to streamline inefficiencies as India transitions towards a manufacturing led economy.”
About CAPGRID
CAPGRID is a cutting-edge 360∘ “Design-to-Deliver” company for the consolidation of component manufacturing across a range of industries and component categories. Driven by the fundamental DNA of “Technology of Trust”, CAPGRID covers the entire spectrum of the supply chain right from design & engineering, development, cloud manufacturing, quality governance, dynamic fulfilment and last mile delivery.
