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CapGrid secures Rs 50 crore funding to expand drone and data centre components
CapGrid raised ₹50 crore in a Pre-Series B round led by Hero Enterprise Venture Partners to expand into drone manufacturing and data
Key points
- CapGrid raised ₹50 crore in a Pre-Series B round valued at ₹430 crore.
- Hero Enterprise Venture Partners led the funding round with participation from Axilor Ventures, Anicut Capital, and Nexus Venture Partners.
- Operating revenue grew 14% to ₹240 crore in FY26 with FY27 targets of ₹350 crore and ₹500 crore.
Why it matters. This funding enables CapGrid to expand into higher-value sectors like drones and data centres, potentially increasing revenue run rates from ₹360-370 crore to ₹500 crore while leveraging existing supplier networks.
Delhi NCR-based startup CapGrid raised ₹50 crore in a Pre-Series B round valued at ₹430 crore, led by Hero Enterprise Venture Partners with participation from Axilor Ventures, Anicut Capital, and Nexus Venture Partners. Co-founder and CEO Dheeraj Tiwari stated primary proceeds fund R&D for higher-end precision components while the remainder supports business growth.
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CapGrid secures Rs 50 crore funding to expand drone and data centre components
Delhi NCR-based manufacturing startup CapGrid raised Rs 50 crore in a Pre-Series B round valued at Rs 430 crore. The funding aims to develop higher-end precision components for sectors including drone manufacturing and data centres. Co-founder and CEO Dheeraj Tiwari confirmed the deal, which is led by Hero Enterprise Venture Partners. The investment will support CapGrid's expansion into new manufacturing domains and enhance its capability to produce specialized components for the tech industry.