India, Oct. 13 -- Manufacturing startup ThinkMetal has raised Rs.27 Cr (around $2.8 Mn) in a funding round led by India Angel Network's VC fund IAN Alpha Fund. Other investors, including deeptech focused VC 3i Partners, among others, also participated in the round.

The fresh funding will help ThinkMetal in developing its product stack, expand the type of materials it utilises as well as strengthening its R&D capabilities. The Chennai-based metal additive manufacturing startup is also looking to fuel its hiring with the fresh capital.

"This investment is an important step in ThinkMetal's journey from technology development towards commercialisation. We'll use this capital to strengthen our product development, expand our team and materia...