CapGrid is a B2B commerce company specialising in sourcing and procurement of direct-material supplies.

Basic Information

CapGrid was founded in July 2020 by Dheeraj Kumar Tiwari and Himanshu Singh Raghuvanshi. CapGrid’s AI-powered platform and deep network of suppliers allows manufacturers to significantly reduce the complexities in the direct material sourcing and procurement process. These capabilities allow manufacturers to expedite the sourcing of the high complexity categories 5X and consolidate the supplier base for the low complexity precision components. The startup claims to be working across sectors such as automotive, agricultural equipment, earthmoving equipment, aerospace, oil and gas, consumer durables, and electric vehicles (EVs). CapGrid currently works with over 30,000 suppliers across 15 countries, and with several leading automotive OEMs. In November 2021, the startup raised Rs 4.1 crore ($550,000) in seed funding from Anicut Angel Fund, Axilor Ventures, and First Cheque. See more

Legal Name

:

CapGrid Solutions Pvt. Ltd.

Headquarters

:

Gurgaon, Haryana, India

Business Model

:

B2B 

Founding Date

:

2020

No. of Employees

:

<10

Core Team

:
1.

Dheeraj Tiwari

Co-founder & CEO

2.

Himanshu Singh Raghuvanshi

Co-founder & COO

Funding

Total Funding

$550.0k

Investors

:

1.

First Cheque

2.

Axilor Ventures

3.

Anicut Angel Fund

Detail Round Breakdown

Round 1

$550k

Series Name

:

SEED

Date

:

10th Nov 2021

Investors

:
1.

Anicut Angel Fund

2.

Axilor Ventures

3.

First Cheque