Hyderabad-based startup Autocracy Machinery has successfully raised Rs 5 crore in a pre-Series A funding round, spearheaded by Venture Catalysts. The investment round also saw participation from prominent investors including Nikhil Jaisinghani, Bharat Jaisinghani, and SFour Capital.
Founded in 2020 by Santhoshi Buddhiraju and Laxman Vallakati, Autocracy Machinery specializes in manufacturing robust machines tailored for construction, agriculture, and infrastructure sectors.
Their product portfolio encompasses trenchers, landscaping machinery, agricultural attachments, and specialized equipment for water body conservation such as lake cleaners.
This latest funding infusion follows a previous investment round in 2023, where the company secured $1.2 million from Venture Catalysts, Z Nation Lab, Hem Angels, and other investors. According to Autocracy Machinery, the freshly acquired funds will primarily be allocated towards bolstering their research and development capabilities, as well as expanding their manufacturing and marketing efforts.
Highlighting their global footprint, Autocracy Machinery exports its products to regions including the Middle East and Africa. The company prides itself on delivering high-performance machinery priced competitively to cater to a diverse clientele ranging from businesses to individual users.