Autocracy Machinery raised Rs 5 Cr Pre–series A funding from Venture Catalysts
In a pre-Series A round led by Venture Catalysts and including Nikhil, Bharat, and SFour Capital, machine manufacturing startup Autocracy Machinery has raised Rs 5 crore.
In 2023, Venture Catalysts, Z Nation Lab, Hem Angels, and other investors gave the Hyderabad-based company a total of $1.2 million.
Autocracy Machinery stated in a press release that the money will be used to improve its R&D capabilities as well as grow its manufacturing and marketing footprint.
Santhoshi Buddhiraju and Laxman Vallakati co-founded Autocracy in 2020. The company produces machinery for use in infrastructure, agriculture, and construction. Trenchers, landscaping equipment, agricultural attachments, and water body conservation tools like lake cleaners are just a few of the extensive products that the company sells.
Africa and the Middle East are the destinations for autocracies’ exports. The company further states that it has equipment with exceptional performance that is reasonably priced to guarantee accessibility for both corporate and private customers.
Venture Catalysts Group, a multistage investment firm, rebranded 9Unicorns as 100Unicorns recently. Additionally, it declared the opening of its second accelerator fund, 100Unicorns Fund II, which has a $200 million target amount plus a $100 million greenshoe option.
