Funding · Enterprise Software & IT
WorkOnGrid raises Rs 22.5 crore for global expansion
By Startup Enthusiast ·
- Date
- Company
- WorkOnGrid
- What it does
- AI operations intelligence for utilities
- Kind
- Funding
- Amount
- Rs 22.5 crore
- Founded
- 2017
- Sector
- Enterprise Software & IT
What they do
WorkOnGrid builds an AI-native operations intelligence platform for utilities like power, water, and gas
What happened
The company raised Rs 22.5 crore in a round led by Transition Venture Capital, with Indian Angel Network participating
Why it matters
The funds will expand global go-to-market, strengthen AI/ML, and build international infrastructure
The details
- WorkOnGrid raised Rs 22.5 crore in a funding round led by Transition Venture Capital, with participation from Indian Angel Network.
- The company has now raised a total of Rs 28.5 crore to date.
- Earlier, it raised $820K in two rounds before this one.
- The funds will be used to expand global go-to-market, strengthen AI/ML capabilities, and build international infrastructure.
- WorkOnGrid started as a data consulting firm for small and medium enterprises and pivoted to energy products in 2021.
- The company's platform is known by customers as 'DiscomGPT', an agentic intelligence layer for utilities.
The bigger picture
- The global utility digitalisation market is expanding, driven by smart meters and resilient infrastructure.
- A pilot with Apraava Energy showed the AI could identify high-risk distribution transformers, potentially saving costs.
- Other AI funding in India includes H2LooP raising $2 million and Noon bagging $44 million, showing sector momentum.
About the business
- WorkOnGrid provides an AI-native operations intelligence platform for utilities across power, water, and gas.
- The platform integrates smart meters, sensors, GIS, and financial systems into a unified data layer.
- Its 'Grid' platform serves as a central system for operational data, offering sub-second insights and automated workflows.
- The architecture includes a data lakehouse, operational intelligence, workflow automation, and AI-driven analytics.
- Deployment options include SaaS, self-hosted, and managed services to meet regulatory compliance.
- The company serves over 20 utilities globally, processing data from millions of smart meters.
- Revenue grew from Rs 69.7 lakh in FY21 to Rs 7.23 crore in FY25.
- It posted a net profit of Rs 6.6 lakh in FY25, after losses in the previous four fiscal years.
What happens next
- Expand global go-to-market efforts.
- Strengthen AI and machine learning capabilities.
- Build international infrastructure.
The deal
- Type
- funding
Investors
- Transition Venture Capital (lead) — Co-founder and Managing Partner Raiyaan Shingati praised the platform.
- Indian Angel Network (participated)
Founders
- Udit Poddar, Founder CEO
- Shreyansh Jain, Founder COO
- Aayush Agrawal, Founder CTO
- Shaurya Poddar, Founder CMO
About WorkOnGrid
- Product
- AI platform providing real-time data integration, predictive analytics, and workflow automation for utilities
- Customers
- Global utility providers in power, water, and gas sectors
- How it makes money
- SaaS model with scalable deployment architecture for utility data management and optimization
- What sets it apart
- Collects and analyzes data from smart meters, field devices and operational software to enable real-time insights
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