CapGrid Solutions

About CapGrid Solutions

CapGrid Solutions, founded in 2020 by Dheeraj Kumar Tiwari and Himanshu Singh Raghuvanshi, operates as a B2B cloud manufacturing platform specializing in the procurement of precision components. The founders, both former management consultants with experience advising manufacturers in India, the US, and Japan, established the company to address persistent inefficiencies in direct material sourcing. Tiwari, an engineer from NIT Kurukshetra with an MBA from IIM Kozhikode, serves as CEO, while Raghuvanshi, a manufacturing engineer from NIFFT with an MBA from XLRI Jamshedpur, is the COO.

The company provides an end-to-end, design-to-deliver service for automotive and industrial manufacturers. Its business model centers on consolidating the complex source-to-procure cycle for direct materials, particularly for low-complexity precision parts. CapGrid leverages a proprietary, AI-enabled platform to manage a vast network of over 30,000 suppliers, allowing it to digitize and streamline the entire procurement process. This technology provides clients with complete inventory visibility and traceability, which helps reduce operational complexities, procurement costs, and inventory levels. Revenue is generated through its comprehensive sourcing and procurement services, which include supplier discovery, component development, quality assurance, and fulfillment.

CapGrid primarily serves original equipment manufacturers (OEMs) and Tier-1 suppliers within the automotive, electric vehicle (EV), and industrial sectors. Its platform offers services such as procurement consolidation, new product development, import localization, and value engineering. By managing a network of QC-certified cloud manufacturers and partnering with logistics providers, the company operates an asset-light model to deliver components directly to clients' assembly lines. The firm has successfully attracted significant investment, securing a total of $15.85 million across multiple funding rounds from backers including Nexus Venture Partners, Anicut Capital, and Axilor Ventures. These funds are allocated towards global expansion, enhancing its AI-driven supply chain technology, and scaling its network of manufacturing partners.