CapGrid raises ₹46 crore pre-Series B
By Abha Lohia ·
CapGrid valuation
CapGrid was valued at ₹430 Cr (2026). Reported 16 October 2026.
| Valuation (2026) | ₹430 Cr |
|---|
CapGrid: valuation and funding and every story →
- CapGrid runs an AI-powered platform that helps manufacturers source parts and suppliers and coordinate production
- Hero Enterprise Partner Ventures led the ₹46.28 crore round, putting in ₹38.30 crore, with existing backers joining
- Post-money valuation is estimated near ₹430 crore, over 50% above its Series A level
What happened
- Raised ₹46.28 crore in pre-Series B.
- Hero Enterprise Partner Ventures led with ₹38.30 crore.
- Axilor and Anicut put in ₹3 crore each.
- Valuation about ₹430 crore.
Why it matters
- Demand for digital procurement is rising in manufacturing.
- Valuation is up over 50% from Series A.
- Auto, EV and industrial buyers are key customers.
The business
- Founded in July 2020.
- AI-powered B2B manufacturing platform.
- Serves auto, aerospace, oil and gas, and EV makers.
- Helps with sourcing and supplier discovery.
The founders
HS
Himanshu Singh Raghuvanshi
Co-founderWho put in money
- Hero Enterprise Partner Ventures Lead
- Nexus Venture Partners Existing
- Anicut Capital Existing
- Axilor Technology Fund Existing
In numbers
₹430 CrPost-money valuation · 2026
Terms in this story
- Funding stage: Startups raise money in steps called funding stages: pre-seed, seed, Series A, B, C and later, ending in a stock-market listing or a sale. Each step is larger than the last and asks for more proof.
- Series A: Series A is usually the first large round a startup raises from venture capital funds, after it has shown that people want what it sells.
- Series B/C: Series B, C, D and later rounds are growth rounds: large cheques that help a startup with a proven model expand faster, enter new markets or move toward profit and a listing.
- Valuation: A startup's valuation is the price investors agree the whole company is worth. For young companies it is set by negotiation and comparison, not by a formula.
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