B2B manufacturing startup CAPGRID has closed a ₹50 crore pre-Series B round led by Hero Enterprise Partner Ventures, according to the company’s announcement.

B2B manufacturing startup CAPGRID has closed a ₹50 crore pre-Series B round led by Hero Enterprise Partner Ventures, according to the company’s announcement. The Economic Times reports that the round lifted CapGrid’s valuation by 40%.
The ET report says the capital will help the startup expand into new industrial sectors, with a portion set aside for research and development. Founded in 2020 by Dheeraj Kumar Tiwari and Himanshu Singh Raghuvanshi, CapGrid’s operating revenue rose to ₹209 crore in FY25 from ₹99.2 crore the year before, according to earlier reports.