Funding
Indigrid Technology raises Rs 35 crore from Cactus Partners at Rs 600 crore valuation
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Electronics systems design and manufacturing startup Indigrid Technology has raised $4 million (around Rs 35.2 crore) in a follow-on funding round from Cactus Partners at a post-money valuation of around Rs 600 crore.
The latest infusion, earmarked for setting up a new facility in Goa and expanding the production capacity of power electronics for large appliances, comes after the venture capital (VC) firm led a $5 million round in the company in June last year, cofounders Sameer Narang and Rishab Puri told ET in an interaction.
Since then, Indigrid has…
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