VC Fund Investments
B2B manufacturing startup Groyyo raises $4.6 M from Alpha Wave, others
Mumbai-based B2B manufacturing and automation company Groyyo has raised USD 4.6 million in a seed round of funding led by Alpha Wave Global. The round saw participation from existing investors Sparrow Capital and venture debt fund Stride Ventures. Angel investors who participated in this round include Deepak Jain (Partner & Manufacturing Lead, Bain & Co), Arpan Seth (Partner & Global PE Lead – Bain & Co), OYO Group's Global Chief Strategy Officer Maninder Gulati and Avaana Capital founder Anjali Bansal. Founded in July 2021 by Subin Mitra, Pratik Tiwari and Ridam Upadhyay, Groyyo focuses on transforming the manufacturing sector by leveraging technologies such as AI. Its real-time production software aims to digitise customer factories by enabling production tracking and intelligent inputs to optimise efficiency and give them a global outreach to international and national buyers.
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