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

Oluwajuwonlo Afolabi -

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.