Eyeing to expand its product offerings and tackle supply chain challenges, Noida-based electronics startup secures $500,000 led by multiple investors like Anupam Mittal and All In Capital.
Grid OS, a Noida-based startup focused on electronics design and manufacturing, has raised $500,000 in a funding round led by Anupam Mittal, founder of Shaadi.com, and early-stage investment firm All In Capital. Other notable investors included Pravin Jadhav, founder of Raise Financial Services, and the JK Group family office.
The company plans to use the capital to diversify its product offerings and enhance its presence in its current sectors. Founded in 2019 by Raghav Gautam and Jasvivek Reehal, Grid OS offers comprehensive product solutions for IoT and manufacturing, encompassing design, research, production, and deployment, primarily in the B2B smart electronics space.
According to the Economic Times, Raghav Gautam explained that the company aims to address challenges with conventional supply chains, particularly those reliant on China, which hinder rapid scaling and product development.
He noted that the long turnaround times in traditional supply chains often limit the ability of Indian companies to scale to mass manufacturing. Previously working as an analyst at JPMorgan Chase & Co., he highlighted the company’s commitment to AI-driven smart electronic gadgets.
Grid OS manufactures essential components at its own facilities while also partnering with contract manufacturers for some production needs.
The company has recently secured a significant contract worth ₹1 billion with PhonePe for the mass production of its Soundbox technology. Additionally, it has entered the automotive sector, providing vehicle analytics solutions to original equipment manufacturers (OEMs) with its hardware products.
This funding follows a previous raise of $200,000 in October 2023 through convertible notes from All In Capital. The latest investment comes amid a shift in India’s electronics manufacturing landscape, driven by the ‘Make-in-India’ initiative and the ‘China Plus One’ strategy.
