Indigrid Technology Private Limited has raised an additional INR 40 crore, closing its extended Series A round at INR 75 crore. The round was led by Cactus Partners, with subsequent participation from Valour Capital, ITI Growth Opportunities Fund, Vimson Group, and Global South Capital.
The capital infusion comes amid growing demand for localized electronics manufacturing in India, driven by global supply chain diversification and rising domestic consumption across automotive, consumer appliances, and industrial electronics segments.
Indigrid plans to utilize the funds to scale production capacity at its recently commissioned facilities, strengthen technology and process capabilities, and evaluate strategic acquisitions to expand its footprint across key electronics verticals.
Founded to deliver integrated Electronics Manufacturing Services (EMS), Electronic System Design and Manufacturing (ESDM), and Original Design Manufacturing (ODM) capabilities, Indigrid has built a platform serving over 35 major clients. The company integrates design, engineering, testing, and large-scale production under a unified structure.
Currently operating three advanced manufacturing facilities in Manesar and Goa, Indigrid supports OEMs and global customers seeking reliable and scalable manufacturing partners in India. Its infrastructure is backed by in-house R&D capabilities and industry certifications, enabling compliance with international quality standards.
Rishab Puri and Sameer Narang, Co-Founders of Indigrid Technology, said the investment strengthens the company’s expansion plans across high-growth electronics segments and builds on the foundation established through earlier institutional backing.
Investors highlighted Indigrid’s integrated operating model and its alignment with the “China-plus-one” supply chain strategy. They emphasized the company’s role in strengthening India’s industrial resilience and capturing the growing opportunity in manufacturing localization.
With the Series A round completed, Indigrid is entering its next phase of growth focused on automation, operational scale, and positioning itself as a full-stack electronics manufacturing partner for domestic and international markets. Indigrid Technology is a fully integrated electronics manufacturing company in India, offering comprehensive ODM, ESDM, and EMS solutions.
The company serves more than 35 leading clients across automotive, consumer appliances, and industrial electronics sectors. With rapid growth, Indigrid now operates three state-of-the-art manufacturing facilities in Manesar and Goa, supported by robust in-house R&D capabilities and certifications including IATF 16949. Backed by institutional investors, the company has also completed two investment rounds with Cactus Venture Partners.
