Auto parts sourcing start-up CapGrid raises $7 mn in series A from Nexus

Existing investors Axilor, Anicut Capital and Deepak Jain, partner at Bain & Co also participated; funds to be used to deepen firm's tech infra, hire talent, scale up cloud mfg with supply partners

CapGrid, a B2B automotive parts sourcing start-up, has raised $7 million in a series A funding round led by Nexus Venture Partners. The round also saw participation from existing investors Axilor, Anicut Capital and Deepak Jain, partner at Bain & Company.

The funds raised will be used to deepen the company’s technology infrastructure, acquire talent and scale up cloud manufacturing with its supply partners.

Intequant Advisors acted as exclusive Financial advisors while JSA Law and Sarvaank Associates were legal and secretarial advisors for the deal.

“We have digitalised the entire source-to-delivery process. CapGrid is working closely with multiple automotive and