Trichy, Tuesday 04, 2023: Manufacturing startup Frigate announced that it has successfully raised their
Seed round of $1.5M Led by Arali Ventures with participation from Capital-A, Java Capital, and other
strategic angel investors.
With the new round of funds, Frigate® will expand its digital manufacturing ecosystem to cater to its
global customer base.
Founded in 2021 by Dr.Tamizhinian Vasanthan, Karthikeyan Prakash, Chandrasekar C, and Iniyavan
Vasanthan, Frigate® is a B2B cloud manufacturing platform that offers a comprehensive suite of
manufacturing services to medium and large-scale companies globally. Frigate specializes in executing
projects within the New Energy & Power, Infrastructure, EV sectors, and Automotive industries with a
focus on Heavy Fabrication, Sheet metal, Castings, Forgings, and Injection molding.
Dr.Tamizhinian Vasanthan, Founder & CEO stated that on the demand side, Frigate® provides
Manufacturing-as-a-Service to global customers, offering globally competitive pricing, better lead time,
and Best in class manufacturing with quality. Our customers consider us as an extended supply chain
partner from New Product Development to Mass production. Frigate is helping overseas customers who
are looking at China +1 policy to set up a manufacturing base in India.
Karthikeyan Prakash, Co-Founder & CPO stated that through our proprietary AI enabled tech platform,
we enable demand-supply matching, standardization showcasing our partners’ capacity, capability, and
availability and complete transparency from sales to order fulfilment. This approach has the potential to
drive job creation and economic growth while making India a manufacturing superpower.
On the supply side, Frigate® has partnered with more than 200 manufacturing partners, known as
Frigaters located in Tier 2 cities such as Coimbatore, Trichy, Hosur, Jamnagar, Ludhiana, Kolhapur and
Kolar. By leveraging technology in utilizing their spare capacity, Frigate helps these partners by
increasing their revenue from customers globally.
Arun Raghavan, Managing partner at Arali Ventures said, “The manufacturing sector from India has
significant tailwinds driving it forward. The B2B manufacturing business is poised like IT services was in
the late 90s. OEMs, especially in new age industries, across the globe are looking for long term partners
who will help them build out their vendor development, contract manufacturing partners and supply chain capabilities; the Frigate team with its all round manufacturing, new product development and
operations management capabilities is best suited to execute on this going forward.”
Vinod shankar, Partner and co-founder at Java Capital says “We believe the AWS moment for
manufacturing companies has come. Similar to how the IT infrastructure moved to the cloud, we expect
manufacturing to follow. Also coupled with the rapid digitisation of the B2B supply chain in India and
with the China + 1 strategy will only add to the adoption curve. Frigate founders have built a strong
team that is ready to go, which gives us a deep conviction in the both founders and the market. We are
playing on a large market + young founders’ thesis from our fund playbook”
We firmly believe that Frigate is poised to become the future of manufacturing in the world,” said Ankit
Kedia, Founder at Capital-A. “This investment signifies our confidence in the transformative capabilities
of cloud-based manufacturing and its potential to reshape the industry landscape globally. Frigate’s
innovative approach will enable manufacturers to thrive in an increasingly dynamic and interconnected
world, unlocking untapped potential and opening doors to unparalleled growth opportunities.”
Frigate® is strengthening its team across India and globally to support business development and Supply
Chain Management, Technology and Finance. This is Frigate’s second round of funding. Earlier the
company had raised its pre-seed round of $185,000 through strategic angel investors and founders in
April 2022.
About Arali:
Arali is a seed stage B2B focussed venture capital fund. Arali is currently investing out of its $40M
second fund; they did a first close in Oct 2022. Arali has been the seed investor in companies Wizfreight,
Finbox, Unbox Robotics, Cynlr, HBOX.ai, Oivi, Bimakavach, Prolance and a set of saas companies like
Wingman, Insent.ai, CogniSaaS. Pathfndr
About Java Capital:
Java capital is stage(pre-seed/seed) and sector focussed fund run by career Venture Capitaliss and
startup ecosystem enablers with over 20+ years of experience between them across pre-seed, seed
stage. Primary focus areas include sectors such as Deeptech, B2B – SAAS, marketplace and
climate/sustainability. Java has invested 28+ companies such as Agnikul, Eplane, Cynlr, YellowMetal,
Zapscale, Auditcue, Preimage, Codingal etc.,
About Capital A:
Capital-A is a venture capital fund that focuses on investing in seed to early stage startups. Currently
investing from it’s $25M fund, Capital-A has built a portfolio of over 25 startups. Some investments in
their portfolio include Jiraaf, ChargeUp, Oorja.energy, Rooter, Creditfair, and InfinityBox, among others.
About Frigate:
Frigate is on a mission to “Make Manufacturing Easy” for Global Industrial OEM, ODM, and product
companies by helping them convert their digital designs to physical products from sampling to full-scale
manufacturing.
With their revolutionary AI-enabled cloud manufacturing platform, Frigate provides Good price, Better
Lead time, and Best in Class Manufacturing.
