India, Feb. 12 -- B2B cloud manufacturing startup CapGrid Solutions has secured $5 Mn (around INR 43.4 Cr) in an extended Series A funding round led by Anicut Growth Fund.

The round also saw participation from existing investors Nexus Venture Partners and Axilor Ventures, along with angel investors from automotive systems and components manufacturer Sona Comstar's chairman Sunjay Kapur and managing director and group chief executive Vivek Vikram Singh.

Cofounder and CEO of CapGrid Dheeraj Tiwari told Inc42 that the newly raised capital will help the company in reaching customers from across the globe, doubling down on its tech capabilities, while also deepening its manufacturing operations.

Founded in 2021 by Tiwari and Himanshu Raghuv...