Manufacturing tech startup Frigate raises $175,000

CHENNAI: Chennai-based cloud manufacturing

startup

Frigate has raised $175,000 in an oversubscribed pre-seed round from strategic investors.

The investors in this round included angel investor Vel Kanniappan Srinath Ramakkrushnan (founder of

Zetwerk

), Abhishek Raj Pandey, (Head of Sourcing and Procurement, Mamaearth), Vijay Pravin Maharajan of Bitscrunch, Prabhu Sengodan of SPK groups, the founders of M2P Fintech, Mohan and Jaikumar of Ippopay, Sundararaman Ramasamy, (founder of Wilcosource US) and others.

Founded in 2021,

Frigate

is a marketplace platform that provides Fabrication, 3D printing and CNC machining services for OEMs, SMEs and startups.

Frigate said the new funding would be used to further strengthen its technology stack; to develop an AI-enabled platform. Frigate is also planning to set up offices in Chennai and Bengaluru to increase the headcount to 100+ within the next fiscal.

“Started as a prototyping company, we have pivoted at the right time as our customer wants their designs to be manufactured as well. So we have travelled all over India to untap the right sources for the right manufacturing with the right material at the right time. We have onboarded all those on our platform to cater to the demand for global manufacturing. We would like to acquire 200 more customers and be a $100M company in the next three years,” said

Tamizh Inian

, Founder & CEO of Frigate.

The company has onboarded 150 SMEs on their platform for making their metal and plastic parts from Tier2 and Tier3 cities like Becharaji, Rajkot, Ahmedabad, Belagavi, Trivandrum, Palakkad, Kolhapur, Aurangabad, Jamshedpur, Hosur, Trichy, Madurai, Erode, Salem, Indore, Pithampur, Coimbatore covering almost all Industrial states in India. They are making use of the same to supply the increased global demand for electric vehicles, defence and aerospace.

Frigate has already exported parts to Singapore and Spain and wants India to be a manufacturing hub for the globe.


Stay informed with the latest Business News on Times of India. Explore the list of Bank Holidays, stay informed about Budget 2025, discover the new Income Tax Slabs, and use the Income Tax Calculator for hassle-free tax planning.

Unlock Investment Potential: Enroll in ET's Stock Valuation Workshop - Batch 3. Secure Your Spot Now!