India, Feb. 12 -- Electronics systems design and manufacturing (ESDM) startup Indigrid Technology has raised an additional Rs.40 Cr in its Series A funding round led by Valour Capital, with participation from ITI Growth Opportunities Fund, Vimson Group and Global South Capital. This comes after the startup raised Rs.35.2 Cr last year from Cactus Partners.

The startup plans to use the fresh capital for capacity expansion, strengthening design and R&D capabilities, working capital support and selective forward and backward integration, including potential technology and startup acquisitions. It has scaled its manufacturing capacity fivefold over the last two years and plans to increase its manufacturing footprint to three units.

Indigrid ...