Indigrid Technology has raised Rs 40 crore in additional funding, closing its extended Series A round at Rs 75 crore. The Series A round was led by Cactus Partners, with participation from Valour Capital, ITI Growth Opportunities Fund, Vimson Group, and Global South Capital.
Earlier in September last year, Indigrid had raised $4 million (about Rs 35.2 crore) as part of a strategic funding round from existing investor Cactus Partners.
The fresh capital will be used to expand manufacturing capacity, strengthen research and development capabilities,…

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