E-commerce firm CapGrid’s scale spikes 7.7X in FY23, losses cross Rs 1 Cr CapGrid, a B2B e-commerce startup, experienced robust revenue growth, surging 7.7X to Rs 44.3 crore in FY23. However, losses also spiked to Rs 8.4 crore, a 6.9X increase from FY22. The Gurgaon-based company, founded by Dheeraj Tiwari and Himanshu Singh Raghuvanshi, operates an AI-enabled sourcing platform serving various industries globally. Despite rising expenses, including a significant increase in material costs, CapGrid raised Rs 57.1 crore in its latest funding round, led by Nexus Venture Partners, bringing its total fundraising to Rs 61.2 crore since inception. #TheKredible #Data #Insight #Startup #News #ECommerce #CapGrid https://thekredible.com/blogs/e-commerce-firm-capgrids-scale-spikes-7-7x-in-fy23-losses-cross-rs-1-cr