India-based B2B cloud manufacturing startup CapGrid has raised a $7M Series A funding round led by Nexus Venture Partners.  The startup plans to use its fresh funds to build more supply partnerships, enhance its technology infrastructure, and acquire more talent.  CapGrid is headquartered in Gurgaon, India, and offers a platform for sourcing and procuring direct-material supplies for automotive and industrial manufacturing.  According to its website, CapGrid has procured over 5,000 different precision components manufactured through its network of over 300 supply partners spread throughout India.  Cloud manufacturing enables the company to guarantee an optimized supply chain through insights into any product defects or otherwise.  The startup claims it is digitizing direct material sourcing and procurement by providing a real-time overview of the supply chain for accelerated sourcing, increased visibility, a 5% overall cost reduction, a 50% inventory reduction, and a 90% reduction in logistics logjam.