ThinkMetal Bags US$ 800K in Pre-Series A Round Led by YourNest Venture Capital
New Delhi, India – ThinkMetal, a DeepTech startup revolutionizing metal part manufacturing with its cutting-edge metal additive manufacturing technology (also referred to as MFAM, short for Metal Fused Additive Manufacturing), has raised US$ 800,000 (INR 6.7 crore) in a pre-Series A funding round. This round was led by YourNest Venture Capital as part of the YourNest-SanchiConnect Velocity Program 2024, an accelerator initiative supporting high-growth startups. Co-investors in this round include BSE-listed Concept Communications Ltd and Sanchi Connect.
ThinkMetal is addressing the longstanding challenges of traditional tool manufacturing and low-volume production. Founded in March 2021 by Sabyasachi Ghosh and Arushi Sharma, ThinkMetal enables manufacturers to produce metal parts 10 times faster and at half the cost using SistemT1, its compact 3D printer powered by patented materials and processes.
ThinkMetal was born from the shared vision of its founders, who first met as engineering students at SRM University. Their collaboration began during the SpaceX Hyperloop Pod Competition and continued in a 3D printing startup, where they led the R&D efforts. These experiences highlighted the inefficiencies and constraints of traditional manufacturing methods, sparking the idea for ThinkMetal. Today, Sharma leads the tech team, leveraging her expertise in design and materials, while Ghosh spearheads operations, drawing from his extensive experience in mechanical design and product development.
ThinkMetal’s SistemT1 integrates processes such as 3D printing, debinding, and sintering into just two pieces of equipment, reducing manufacturing turnaround times and capital expenditures, making it the quickest in its segment. Traditional methods often take 2–4 weeks to deliver metal parts such as molds, dies, jigs & fixtures, and prototypes at an average cost of INR 1.25 lacs. SistemT1 helps manufacturers deliver such parts in mere hours at half the cost, making it a game-changer for manufacturers.
The funds will be utilized to finalize production readiness and launch the first-generation product, SistemT1, while expanding the material line-up under the FuseX banner, which includes SS 316, 17-4PH, and Pure Copper, followed by Tool Steels and Ceramics. ThinkMetal also plans to enhance its software capabilities, refine its processes, and expand its team in key areas such as sales, operations, design, and software development.
“We are thrilled to partner with investors who share our vision of revolutionizing manufacturing,” said Ghosh, Co-founder & CEO, ThinkMetal. “By leveraging innovative materials & processes, we are not just changing the way manufacturers produce metal parts but redefining their potential to innovate. With this investment, we are taking significant steps towards empowering the SMEs to achieve faster turnarounds, greater operational efficiency, and a sustainable competitive edge.”
To this, Sharma, Co-founder & CTO, ThinkMetal, added, “ThinkMetal aims to be the catalyst for India to manufacture its future. Our mission is to become the driving force behind India’s transformation into a global manufacturing powerhouse and an Aatmanirbhar Bharat.”
ThinkMetal’s existing customers include Ants Ceramics, ZeQube Technologies, and Hosur CNC. The startup’s go-to-market strategy focuses on urban medium-scale and small-scale manufacturers, leveraging paid pilots, experience centers, and on-demand services to drive adoption. Globally, Markforged, Desktop Metal, and EOS are prominent players in the industry. In India, ThinkMetal has no direct competitors in the compact metal 3D printing segment, positioning it uniquely in the market.
The total tooling market in India is estimated at US$ 5 billion, growing at a CAGR of 9 percent. ThinkMetal targets Tier-1 toolmakers and prototype manufacturers in the SME segment, representing a US$ 700 million Total Addressable Market (TAM) and an Annual Recurring Revenue (ARR) opportunity of US$ 130 million.
Girish Shivani, Executive Director & Fund Manager, YourNest Venture Capital, commented, “Sabyasachi and Arushi have exceptional technical expertise and a strong vision for transforming manufacturing. As India moves towards being a product nation, we believe their innovative 3D printing technology in additive manufacturing can be a game changer and add great value for the entire ecosystem.”
Prior to this round, ThinkMetal raised US$ 300,000 in a seed round led by 100X.VC, with participation from BSE-listed Concept Communications & SAT Industries and industry veterans such as KRS Jamwal and Uday Sodhi.
Image Source: YourNest Venture Capital
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