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Tech in India

Indian manufacturing B2B startup Groyyo raises $27 million in Series A round

Groyyo, India-based manufacturing and automation business-to-business (B2B) platform has raised $27 million in its Series A funding round led by Tiger Global. * The investment gives Tiger Global a 12.7% stake in the firm. * Groyyo uses AI to improve efficiency in the manufacturing industry and it digitized over 200 SMEs

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated
Indian manufacturing B2B startup Groyyo raises $27 million in Series A round
Photo by Campaign Creators / Unsplash

Groyyo, India-based manufacturing and automation business-to-business (B2B) platform has raised $27 million in its Series A funding round led by Tiger Global.

  • The investment gives Tiger Global a 12.7% stake in the firm.
  • Groyyo uses AI to improve efficiency in the manufacturing industry and it digitized over 200 SMEs in 2021.
  • Having raised $4.6 million in its seed funding in January this year, the new round brings the firm to $156 million in total valuation.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated

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