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Autocracy Machinery Gets Rs 5 Crore in Pre-Series A Financing Round

Autocracy Machinery Secures Rs 5 Cr Seed Funding-Round from Venture Catalysts
Preeti Bali / 9:28 am / June 28, 2024

Autocracy Machinery, a Hyderabad-based startup specializing in the production of construction, agricultural, and infrastructure machinery, has secured Rs 5 crore in a pre-Series A funding round. Adventure Impetuses drove the venture, with interest from conspicuous figures like Nikhil Jaisinghani, Bharat Jaisinghani, and SFour Capital.

Building on Previous Investment

This latest funding round follows a successful seed financing in 2023, where Autocracy Machinery secured $1.2 million from Venture Catalysts, Z Nation Lab, Hem Angels, and other investors. The fresh capital injection will fuel the company’s growth aspirations across various strategic areas.

Investing in Innovation and Market Reach

The proceeds will be strategically allocated to enhance Autocracy Machinery’s research and development capabilities. This will allow them to refine existing products and explore new avenues for innovation. Additionally, the company plans to utilize the funds to expand its manufacturing footprint and establish a robust marketing presence, ultimately amplifying its reach within the target markets.

A Diverse Product Portfolio and Global Outlook

Founded in 2020 by Santhoshi Buddhiraju and Laxman Vallakati, Autocracy Machinery has established itself as a prominent player in the machine manufacturing sector. Their comprehensive product line encompasses trenchers, landscaping machinery, agricultural attachments, and eco-friendly solutions like lake cleaning machines. They have successfully extended their operations beyond India, currently exporting their high-performance machinery to markets in the Middle East and Africa.

Balancing Performance and Accessibility

Autocracy Machinery prides itself on delivering superior machine performance, ensuring optimal functionality for its customers. At the same time, the company maintains a focus on price competitiveness, ensuring their products remain accessible to both businesses and individual clients.

In a related development, 9Unicorns, previously affiliated with the multistage investment firm Venture Catalysts Group, has undergone a rebranding initiative, transforming into 100Unicorns. This move coincides with the launch of their second accelerator fund, aptly named 100Unicorns Fund II. This fund boasts a target size of $200 million, with the potential for an additional $100 million through a green-shoe option.

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