Artificial intelligence startup WorkOnGrid has secured ₹22.5 Cr ($2.4 Mn) in a recent funding round spearheaded by Transition VC, with participation from the Indian Angel Network (IAN). The company plans to use the new capital to expand its operations, enhance its AI and machine learning capabilities, and develop its international infrastructure.
Founded in 2017 by Udit Poddar, Shreyansh Jain, Aayush Agrawal, and Shaurya Poddar, WorkOnGrid initially operated as a data consulting company for SMEs before transitioning to providing a utility data warehousing and analytics platform. The company’s platform gathers and analyzes data from various sources, including smart meters, field devices, and operational software used by electricity, water, and gas utilities.
WorkOnGrid aims to transform this data into actionable insights that enable companies to manage their networks more effectively. Its primary product, Grid, serves as a central system for collecting and organizing operational data. It integrates different systems used by utilities, such as billing systems, meter data systems, and field workforce tools, consolidating all information into a single, accessible location.
This integration allows managers to monitor operations, generate reports, and quickly identify potential issues. The platform is also designed to detect electricity theft, identify faulty meters, predict maintenance needs, and pinpoint problem areas within a power network. Additionally, employees can use simple language to query the system and receive insights or automated reports.
Prior to this funding round, WorkOnGrid had raised $820K across two previous rounds, according to the startup. The investment reflects a growing interest in AI startups that demonstrate strong capabilities and practical applications.
Concurrent with WorkOnGrid’s announcement, AI startup H2LooP secured $2 Mn (approximately ₹18.59 Cr) to scale its platform for embedded systems, while AI-native product design platform Noon received $44 Mn to accelerate product development and expand its distribution.
Investment firms are increasingly focusing on backing technology and AI startups that offer unique solutions for automating operations and delivering precise results. In February, American multinational Qualcomm announced plans to invest $150 Mn in India’s technology and AI startup ecosystem through its venture capital arm, Qualcomm Ventures.
About the Author
