CapGrid Secures Rs 46.28 Crore in Pre-Series B Funding Round
B2B manufacturing startup CapGrid has successfully acquired Rs 46.28 crore, equivalent to $4.87 million, in a pre-Series B funding round. This round was directed by the new investor Hero Enterprise Partner Ventures and included contributions from current investors such as Nexus Venture Partners, Anicut Capital, and others. According to regulatory documents reviewed by Startup Superb, the CapGrid board approved a special resolution to issue 2,888 compulsorily convertible preference shares (CCPS) at a price of Rs 1,60,263 per share to secure additional capital.
Investment Breakdown
Hero Enterprise Partner Ventures was the primary investor, putting in Rs 38.30 crore. Additionally, both Axilor Technology Fund and Anicut Capital contributed Rs 3 crore each, while Nexus Venture Partners and Amit Jain each added Rs 1 crore. Based on estimates from Startup Superb, the company’s post-money valuation increased by more than 50%, reaching Rs 430 crore ($46 million) compared to its previous Series A round, which raised $5 million in February 2025.
Following the pre-Series B investment, Nexus Venture Partners remains the largest external shareholder with an 18.08% stake. Anicut Capital follows with 16.40%, while Axilor Ventures holds 11.94%. Co-founders Dheeraj Kumar Tiwari and Himanshu Singh Raghuvanshi each retain an 18.63% stake in the company.
Utilisation of Funds
The funds will be channelled towards expansion and growth, addressing additional capital needs.
About CapGrid
Founded in July 2020 by Dheeraj Kumar Tiwari and Himanshu Singh Raghuvanshi, CapGrid operates an AI-driven platform catering to various sectors. These include automotive, agricultural equipment, earthmoving equipment, aerospace, oil and gas, consumer durables, and electric vehicles (EVs).
Financial Performance
The company has not yet submitted its FY26 financial results. However, CapGrid’s operating revenue experienced a remarkable growth of 2.1 times, soaring to Rs 209 crore in FY25 from Rs 99.2 crore in FY24, while its net loss slightly reduced to Rs 25.92 crore.