CapGrid Raises ₹46.28 Crore in Pre-Series B Led by Hero Enterprise

CapGrid has raised ₹46.28 crore in a pre-Series B round led by Hero Enterprise Partner Ventures, the investment arm backed by the Hero Group family office, Indian Startup Times reports.

The round marks CapGrid's move from early-stage backing into growth capital. The figure — roughly ₹462.8 million, or about $5.5 million at current exchange rates — positions the company among India's mid-ticket pre-Series B fundraises this year.

Who led the round?

Hero Enterprise Partner Ventures took the lead position. The firm is the venture investing arm associated with the Hero Group, one of India's best-known industrial families, and has built a record of backing B2B and manufacturing-adjacent startups.

Indian Startup Times first reported the deal and the ₹46.28 crore figure. The round's structure, the full participant list beyond the lead investor, and the valuation at which the capital came in have not been disclosed in the report.

What is CapGrid?

CapGrid operates in India's B2B sourcing and supply chain technology market. The company has raised its pre-Series B round — a stage that typically signals a business with proven revenue traction preparing for a larger Series B within 12 to 24 months.

The exact intended use of the fresh capital wasn't specified in the report. Pre-Series B rounds of this size in Indian B2B tech generally fund sales expansion, product development, and working capital.

Why does the amount matter?

The ₹46.28 crore cheque is a concrete data point for India's startup funding climate, where mid-sized rounds have become the market's most contested segment. A family-office-backed investor leading at this stage signals conviction from patient capital rather than pure financial funds.

Hero Enterprise Partner Ventures' participation also extends a pattern of established Indian industrial groups deploying capital directly into supply-chain and manufacturing-tech startups, sectors where their operating expertise carries weight beyond money.

What comes next?

Expect CapGrid to put the ₹46.28 crore toward scaling operations ahead of a Series B, the natural next step for a company at this stage. Whether Hero Enterprise Partner Ventures returns to lead that round — or the company attracts a larger institutional backer — will shape the trajectory from here.

By Amara Osei