Home Insight Funding Alert Grid raises $700K in funding round led by Indian Angel Network

[Funding alert] Grid raises $700K in funding round led by Indian Angel Network

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[Funding alert] Grid raises $700K in funding round led by Indian Angel Network
[Funding alert] Grid raises $700K in funding round led by Indian Angel Network
Grid

No-code data and operations management platform, Grid has raised $700K in funding round led by Indian Angel Network (IAN) with participation from Jaideep Mehta, KRS Jamwal, Pramod Jajoo, and Shalil Gupta.

The company plans to use the funds to expand its sales and marketing efforts in target markets and strengthen its product suite.

It said in a statement that the company will focus on bringing in the right talent as it grows both within the company as well as within its partner ecosystem.

The Ranchi-based Grid (Pragyaam Data Technologies) was Co-founded in 2017 by Aayush Agrawal, Udit Poddar, Shreyansh Jain, and Shaurya Poddar, It launched its first beta version and rolled out to SaaS models in early 2021.

With a vision to bring the best data management practices from leading tech companies to traditional companies, they started Grid as a data services company. However, they soon realized the need for a platform to assist mining, construction, and public infrastructure companies in going digital using mobile-first no-code apps.

“Starting as a no-code operations management platform, we envision Grid as the essential operational layer that brings together people and device data to create ESG-focused operations”, said, Udit Poddar, CEO and Co-Founder, Grid.

The company plans to launch the first marketplace for apps for operations management built in collaboration with industry experts in the second quarter.

With operations in various markets, Grid is looking to expand its international footprint in FY 2022-23 and in successive financial years.

“With current success stories at both Indian and overseas customers, we are confident that Udit and team will build a truly global business in the years to come, and the IAN investment group will be partnering with them all the way”, said, Jaideep Mehta, Lead Investor at IAN.

In 2020, Grid had raised $150,000 in seed funding round from Singapore-based VC Startup-O Ventures.

About Grid

They started with a mission to help local businesses adopt technology through products and services with a focus on enabling data-driven decisions. Their flagship product Grid lets to create data-backed software and apps within minutes.

With Grid’s no-code app building platform creating business apps is fast, easy and cost-effective. Best zero-code platforms for business users.

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