Machine manufacturing startup Autocracy Machinery raises Rs 5 crore in pre-Series A funding

Hyderabad-based Machine manufacturing startup Autocracy Machinery has raised Rs 5 crore in a pre-Series A funding round led by Venture Catalysts.

The round also saw participation from various investors, including Nikhil Jaisinghani, Bharat Jaisinghani, and SFour Capital.

Prior to this, the startup raised $1.2 million in September 2023 in a Seed funding round led by Venture Catalysts, Z Nation Lab, Hem Angels, and notable angel investors.

Purpose of fundraising

Autocracy Machinery will use the raised capital to enhance its research and development capabilities and expand its manufacturing and marketing footprint. 

“We are driven by our commitment to design and manufacture world-class precision machinery and cost-effective attachments, in India. Our overarching mission is to play a pivotal role in establishing India as a global manufacturing and innovation powerhouse,” said Santhoshi Buddhiraju from Autocracy Machinery.

What does Autocracy Machinery do?

Founded in 2020 by IITian Santhoshi Buddhiraju and serial entrepreneur Laxman Vallakati, Autocracy Machinery focuses on creating machinery for the construction, agriculture, and infrastructure sectors.

The startup offers a comprehensive range of products tailored for various industries. Their product lineup includes trenchers, landscaping machinery, agricultural attachments, and water body conservation machines like lake cleaners.

Notably, It also exports its products to markets in the Middle East and Africa, emphasizing its global reach.

Investor comments

“Autocracy Machinery exemplifies the spirit of innovation that India needs to establish herself as a global manufacturing powerhouse. Their unwavering commitment to developing locally engineered solutions that meet the specific requirements of diverse industries is truly inspiring. We are excited to support their vision and contribute to the growth of a self-reliant and sustainable ecosystem for heavy machinery production in India," said Apoorva Ranjan Sharma, co-founder and managing director of Venture Catalysts Group.