Electronics manufacturing startup Indigrid Technology has raised Rs. 40 crore in a Series A funding round led by Valour Capital, with participation from ITI Growth Opportunities Fund, Vimson Group and Global South Capital. The latest investment highlights continued investor confidence in the company’s growth plans and manufacturing ambitions.
The fundraise comes months after Indigrid secured $4 million, approximately Rs 35.2 crore, in September last year through a strategic round from existing investor Cactus Partners. Founded in 2015 by Sameer Narang and Rishab Purias, the company designs and manufactures embedded electronic systems for the automotive and consumer appliance sectors. Its product portfolio includes motor controllers, DC DC converters and regulator rectifiers for automotive OEMs. It also builds control systems for consumer appliances and battery pack assemblies for electric vehicles and drones.
The fresh capital will be used to expand manufacturing capacity, strengthen research and development, support working capital needs and explore integration opportunities across the value chain. As India pushes for stronger domestic electronics manufacturing and faster EV adoption, Indigrid is positioning itself as a deeper player within the supply ecosystem.
Indigrid operates a manufacturing facility in Gurugram and has recently set up an additional unit in Goa. The company has also acquired land in Goa for a larger production facility to support long term expansion. Financially, it reported revenue of Rs 108.5 crore in FY25 and expects to grow to between Rs 200 crore and Rs 250 crore in FY26. It currently holds an order book of around Rs 600 crore for FY27, providing visibility into sustained demand across automotive electronics, EV components and appliance systems.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter
About us:
The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.
