Team StartupCity

• CIMCON secures Rs 52 crore in funding led by Niveshaay
• Capital to support growth in smart utility automation and infrastructure
• Plans to scale operations in India and global markets

CIMCON Software, a provider of smart infrastructure solutions, has raised Rs 52 crore in a fresh funding round led by investment firm Niveshaay, with participation from industry leaders including Vivek Jain (Action Tesa), Saket Agarwal (formerly Apollo Pipes), and Ayush Mittal (Co-founder, Screener.in).

The Ahmedabad based company plans to use the capital to boost working capital, expand its manufacturing and delivery capacity, and strengthen support for large scale operations and maintenance (O&M) contracts in the utility automation space. This expansion will help CIMCON cater to increasing demand for smart water, lighting, and oil & gas infrastructure solutions.

CIMCON designs and manufactures remote terminal units (RTUs) and develops SCADA (Supervisory Control and Data Acquisition) software to enable data driven monitoring and control of utility operations. Its integrated offerings are used by utility companies and EPC firms across India and overseas, helping improve deployment speed and long-term operational efficiency.

The company already holds approvals in more than 11 states and expects to close FY25 with a revenue of Rs 100 crore and EBITDA margins exceeding 30%.

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Niveshaay, which invested through its Sambhav Category II Fund, backs high growth companies in sectors such as energy transition, tech, defence, and consumer products. It has previously invested in brands like Mokobara, Smallcase, and Innovist.

Arvind Kothari, Founder and Fund Manager at Niveshaay. said, “CIMCON is building the backbone for data-driven infrastructure in India”.