In a Series A funding round led by Valour Capital, Indigrid Technology, a company in the electronics manufacturing sector, raised Rs 40 crore ($4.4 million). Vimson Group, Global South Capital, and ITI Growth Opportunities Fund also participated.

Key Highlights

• Indigrid Technology raises Rs 40 Cr to expand manufacturing capacity and strengthen electronics supply chain solutions.
• Series A funding to accelerate product development, market expansion, and strategic partnerships across industrial segments.

In September of last year, Indigrid raised $4 million, or around Rs 35.2 crore, from Cactus Partners, an existing investor, as part of a strategic funding round.

The additional funds will be utilized to support working capital needs, boost R&D capabilities, increase manufacturing capacity, and investigate value chain integration potential.

Indigrid, which was founded in 2015 by Sameer Narang and Rishab Purias, is a company that creates and produces embedded electrical systems for the consumer appliance and automobile industries.

Indigrid produces consumer appliance control systems, battery pack assemblies for EVs and drones, and regulator rectifiers, motor controllers, and DC-DC converters for automakers.

In addition to its manufacturing plant in Gurugram, Indigrid has opened a second location in Goa. In order to build a larger production plant, it has also acquired land in Goa.

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The firm anticipates making between Rs 200 crore and Rs 250 crore in FY26, having recorded sales of Rs 108.5 crore in FY25. For FY27, it also has an order book worth about Rs 600 crore.