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B2B cloud manufacturing startup CapGrid raises $7 million in fresh funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: CapGrid, Nexus Venture Partners

Gurgaon-based CapGrid, a B2B cloud manufacturing startup for precision parts and components, has raised $7 million (about Rs 57 crore) in a Series A round led by Nexus Venture Partners. CapGrid said it is currently getting over 5,000 different precision components manufactured through its supplier network of more than 300 partners. CapGrid’s AI-powered platform and network of suppliers allows manufacturers to reduce the complexities in the direct material sourcing and procurement process.

Read more at The Economic Times