Indigrid Technology Bags ₹40 Crore Funding to Boost Electronics Manufacturing

Indigrid Technology, an electronics manufacturing startup focused on embedded systems for automotive and consumer appliance segments, has raised ₹40 crore in a Series A funding round to support its next phase of growth and capacity expansion. 

Funding Details & Growth Strategy 

The Series A round was led by Valour Capital, with participation from ITI Growth Opportunities Fund, Vimson Group and Global South Capital. This funding follows a strategic round of $4 million raised in September last year from existing investor Cactus Partners, reflecting continued investor backing for the company’s growth plans. 

The fresh capital will be used to scale manufacturing capacity, strengthen research and development, meet working capital requirements, and explore deeper integration across the electronics value chain.  

The funding comes at a time when India is pushing domestic electronics manufacturing and electric vehicle adoption, creating favourable conditions for component manufacturers. 

Business Model, Operations & Financial Outlook 

Founded in 2015 by Sameer Narang and Rishab Purias, Indigrid designs and manufactures embedded electronic systems for automotive OEMs and consumer appliance companies.  

Its offerings include motor controllers, DC-DC converters and regulator rectifiers for vehicles, control systems for appliances, and battery pack assemblies for EVs and drones. 

The company operates a manufacturing facility in Gurugram and has recently added another unit in Goa. It has also secured land in Goa for a larger production facility, indicating long-term capacity expansion plans.  

Financially, Indigrid reported revenue of ₹108.5 crore in FY25 and is targeting ₹200–₹250 crore in FY26. It also has an order book of around ₹600 crore for FY27, providing visibility into future demand across its key business segments. 

Read More: LG Electronics India Share Price in Focus on Q3 FY26 Earnings Results; PAT Falls 61% YoY! 

Conclusion 

Indigrid’s Series A funding strengthens its position in India’s fast-growing electronics manufacturing space. With rising demand for automotive electronics and EV components, the company is scaling capacity, enhancing R&D, and deepening value-chain integration. Strong order visibility and revenue growth targets support its medium-term expansion plans. 

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