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Funding · Enterprise Software & IT

WorkOnGrid raises Rs 22.5 crore for global expansion

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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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