Bengaluru-based Indigrid Technology, specializing in electronics systems design and manufacturing, has successfully raised ₹35.2 crore (~$4 million) in a follow-on funding round led by Cactus Partners. This latest infusion brings the startup’s valuation to an estimated ₹600 crore, reflecting strong investor confidence in its technology-driven solutions.

Indigrid focuses on developing high-performance electronics solutions for critical applications across defense, healthcare, and industrial sectors. With growing demand for indigenous electronics manufacturing in India, the company aims to accelerate product development and strengthen its production infrastructure.

The funds will be strategically deployed to expand R&D capabilities, improve supply chain resilience, and scale up manufacturing capacity. Indigrid’s growth aligns with national priorities to promote self-reliance in electronics and reduce dependence on imports.