Gurugram-based electronics manufacturing startup Indigrid Technology has raised ₹40 crore ($4.4 million) in a Series A funding round led by Valour Capital, with participation from ITI Growth Opportunities Fund, Vimson Group, and Global South Capital. The company had earlier secured $4 million in September last year from existing investor Cactus Partners.
Funding Snapshot
The fresh capital will be deployed to expand manufacturing capacity, strengthen research and development capabilities, support working capital requirements, and explore integration opportunities across the electronics value chain.
Embedded Electronics Focus
Founded in 2015 by Sameer Narang and Rishab Purias, Indigrid develops and manufactures embedded electronic systems for automotive and consumer appliance sectors. Its portfolio includes motor controllers, DC-DC converters, regulator rectifiers, appliance control systems, and battery pack assemblies for EVs and drones.
Expansion and Growth Plans
Indigrid currently operates a manufacturing facility in Gurugram and has recently set up an additional unit in Goa. The company has also secured land in Goa to establish a larger production facility to cater to increasing demand from OEMs and EV ecosystem partners.
Market Momentum
Indigrid reported revenue of ₹108.5 crore in FY25 and expects revenue between ₹200 crore and ₹250 crore in FY26. The company also maintains an order book of approximately ₹600 crore for FY27, reflecting strong demand visibility.
Final Take
With India pushing domestic electronics and EV manufacturing, Indigrid is strengthening its position as a critical supplier of embedded electronic components.
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