Electronics manufacturing startup Grid OS raises $500,000 in round led by Anupam Mittal, All In Capital

Electronics design and manufacturing startup Grid OS has raised $500,000 in a funding spherical led by Shaadi.com founder Anupam Mittal and early-stage funding agency All In Capital.

The spherical additionally noticed participation from traders, together with Elevate Monetary Providers founder Pravin Jadhav and the JK Group household workplace.

The Noida-based agency plans to make use of the funds to broaden into a number of product classes whereas strengthening its presence in current segments.

Based in 2019 by Raghav Gautam and Jasvivek Reehal, Grid OS specialises in offering end-to-end product options for manufacturing, masking design ideas, analysis, manufacturing, and deployment. The corporate operates within the business-to-business (B2B) smart electronics area.

“Our focus is on AI pushed good digital devices. Nevertheless, the problem with typical provide chains, significantly these primarily based in China, is the intensive back-and-forth required for such merchandise which will increase product growth and manufacturing turnover cycles. This typically prevents Indian corporations from rapidly scaling to mass manufacturing,” Gautam instructed ET.

He beforehand labored as an analyst at JPMorgan Chase & Co.

The corporate manufactures vital parts at its personal amenities whereas outsourcing some manufacturing to contract producers.Lately, it secured a Rs 100 crore contract with fintech main PhonePe for the mass manufacturing of its Soundbox expertise. Grid OS has additionally signed contracts within the automotive sector, offering car analytics options to authentic tools producers (OEMs) utilizing its {hardware} product stack.

Previous to this funding spherical, the startup raised $200,000 by means of convertible notes from All In Capital in October 2023.

This funding comes as India’s electronics manufacturing sector is present process vital transformation, pushed by the Make in India initiative and the China Plus One technique adopted by many client manufacturers.

Manufacturing unicorn Zetwerk announced last year that it had earmarked a Rs 1,000-crore funding to broaden its digital manufacturing capability throughout IT {hardware}, televisions, cellphones, and hearable and wearable product segments.