Stakeboat Capital Fund II led a Series A funding round that brought in $12 million for Economy Process Solutions, a vacuum and process solutions company.
The investment will be used to support the company’s objectives of growing its global presence, speeding up growth, and diversifying into new markets, especially those related to food and beverage solutions.
Economy Process Solutions was established in 2015 and provides a wide range of process equipment and vacuum systems suited for different industries. They offer process equipment like evaporators, dryers, extractors, reactors, and heat exchangers in addition to vacuum pumps, boosters, blowers, and accessories. As of late, the company has also entered the beverage industry, offering processing, bottling, and packaging solutions.
Over the next four to five years, Economy, which has manufacturing facilities in Chakan, Pune, hopes to grow both domestically and internationally thanks to the expansion of industries like waste management, chemicals, and pharmaceuticals. Given that many of the major players intend to make sizable capital expenditures in the near future, these industries are anticipated to significantly contribute to their revenue.
Economy Process Solutions is dedicated to tailoring its services to meet customer needs and guaranteeing timely product deliveries for maximum satisfaction. The company has served over 600 customers in more than 30 countries.
