B2B Firm CapGrid Expands Soon After $7 Million Capital Injection

CapGrid, a B2B cloud manufacturing startup for precision parts and components for low complexity direct materials, announced hiring employees in diverse roles in its core leadership team. The team’s expansion is a strategic move by the company aligned with its growth plans. 

CapGrid announced the onboarding of Subhash Khanna to head the Sourcing business and Ankur Gupta to lead the Operations division. New additions to the company’s leadership also include, Mohd. Zumair as the Head of the Marketing and Ruchi Rai as Head, HR and Admin. 

Additionally,  Shankar Sharma will be spearheading Sales Operations function.

Funding From Nexus Venture Partners

CapGrid recently raised series A funding of $7 Million USD from Nexus Venture Partners. The company intends to utilize this capital for strengthening its digital supply network, enhancing its tech competencies and cloud manufacturing capabilities along with new talent acquisition. CapGrid, a B2B cloud manufacturing start-up for precision parts and components for low complexity direct materials, announced hiring employees in diverse roles in its core leadership team. The team’s expansion is a strategic move by the company aligned with its growth plans. 

The latest additions to the team bring significant industry expertise and will support the company’s growth vision, with a prime focus on scaling of operations, sales, marketing, and sourcing verticals and improving HR functions. 

Subhash Khanna is an industry veteran with impeccable leadership experience of over 35 years at renowned firms like Escorts, LML and International tractors.

Ankur Gupta comes with extensive operations experience of 10+ years at Aditya Birla group while Zumair is ex-Power2SME and ASSOCHAM with over 12 years of experience. Shankar Sharma has 30+ years of experience in Management consulting and Ms. Ruchi Rai comes with notable experience of over 15 years in HR and IR at firms like Bridgestone, Maruti and Louis Dreyfus.

Speaking on this expansion, Dheeraj Tiwari, Founder and CEO, CapGrid, said, “CapGrid has grown exponentially in the last 12 months and our aim is to achieve sustainable, rapid expansion in the future. Alongside, we are focusing on building upon our existing competence in tech, digital supply network and cloud manufacturing. Onboarding members in our core leadership team will further propel our growth plans and help us in delivering value to our customers.”

Adding to it, Himanshu Raghuvanshi, Founder and COO, CapGrid, adds, “CapGrid is transforming the way automotive and industrial manufacturers manage their sourcing and procurement network. The domain expertise that the team brings along is going to be pivotal in the next chapter of our growth story. We are extremely excited to serve our customers even better with the recent addition to our talent pool.”