B2B manufacturing startup CapGrid Solutions has raised $5 million in a funding round led by Anicut Growth Fund, with participation from existing investors Nexus Venture Partners and Axilor Ventures. Sona Comstar executives Sunjay Kapur and Vivek Vikram Singh also joined as investors. The latest funding values the company at Rs. 305 crore.

CapGrid Solutions plans to use the funds to accelerate global expansion and invest in technology to optimize supply chain operations. Previously focused on the Indian market, the company has now begun exports to international markets.

CEO Dheeraj Tiwari stated that CapGrid is actively exploring global business opportunities, particularly in the U.S. and Germany, with a goal of generating 30% of its revenue from international operations within the next year.

Founded in 2020 by Dheeraj Tiwari and Himanshu Singh Raghuvanshi, the Gurugram-based startup provides sourcing and procurement solutions for OEMs and Tier-I suppliers in the automotive sector. It streamlines procurement by collaborating with a network of suppliers, improving efficiency in direct material sourcing.

Currently, the company operates 11 fulfillment centers and partners with 50 strategic supply vendors.

Dhruv Kapoor, Partner at Anicut Growth Fund, emphasized that CapGrid’s cloud-based manufacturing system enhances transparency and efficiency in supply chains, particularly in the automotive and consumer durables industries. He noted that such solutions are crucial as India moves towards a manufacturing-driven economy. With this fresh funding, CapGrid aims to solidify its market presence and drive innovation in supply chain management.