B2B company CapGrid bags $7 million in new round

Gurgaon-based CapGrid, a B2B cloud manufacturing startup for precision parts and components, has raised $7 million (about Rs 57 crore) in a Series A round led by Nexus Venture Partners.

The round also saw participation from its existing investors Anicut Capital and Axilor Ventures, which was founded by Infosys co-founders Kris Gopalakrishnan and SD Shibulal. The company last raised Rs 4.1 crore in November 2021 in its seed funding round from Anicut, Axilor and Firstcheque.