Grid OS, an electronics design and manufacturing startup, has secured $500,000 in a funding round led by Shaadi.com founder Anupam Mittal and early-stage venture capital firm All In Capital.
The round also included investments from notable participants such as Raise Financial Services founder Pravin Jadhav and the family office of the JK Group.
Based in Noida, the company intends to utilize the funds to diversify into new product categories while reinforcing its position in existing markets.
Established in 2019 by Raghav Gautam and Jasvivek Reehal, Grid OS focuses on delivering comprehensive product solutions for manufacturing, encompassing design concepts, research, production, and deployment. The company operates within the business-to-business (B2B) smart electronics sector.
“Our focus is on AI-driven smart electronic gadgets. However, the challenge with conventional supply chains, particularly those based in China, is the extensive back-and-forth required for such products, which increases product development and manufacturing turnover cycles. This often prevents Indian companies from quickly scaling to mass manufacturing,” Gautam said.
Grid OS produces essential components in its facilities while outsourcing certain manufacturing tasks to contract manufacturers.
The company recently secured a ₹100 crore contract with fintech giant PhonePe for the large-scale production of its Soundbox technology. Additionally, Grid OS has entered into agreements in the automotive sector, offering vehicle analytics solutions to original equipment manufacturers (OEMs) through its hardware product portfolio.
Before this funding round, the startup secured $200,000 in October 2023 through convertible notes from All In Capital.
This investment comes when India’s electronics manufacturing sector is experiencing a major shift, fueled by the Make in India initiative and the China Plus One strategy embraced by numerous consumer brands.
Manufacturing unicorn Zetwerk revealed last year its plans to invest ₹1,000 crore to enhance its electronic manufacturing capabilities across various segments, including IT hardware, televisions, mobile phones, and hearable and wearable devices.
