Autocracy Machinery Secures Rs 6 Crore in Pre-Series A Funding Led by VC Grid

Hyderabad-based Manufacturer Eyes Global Expansion with New Investment

Autocracy Machinery, a pioneering manufacturer of trenching, turf, and construction machinery, has successfully raised Rs 6 crore in a pre-Series A funding round. This round was spearheaded by VC Grid, India's first community-driven return-oriented fund. The funding also saw significant participation from Venture Catalysts, India’s leading early-stage investment firm, along with contributions from prominent family offices and investors from India and Africa, including Nikhil Jaisinghani, Bharat Jaisinghani, and SFour Capital.

Driving Innovation in Indian Manufacturing

The latest funding round comes just nine months after Autocracy Machinery raised Rs 10 crore in a seed round from Venture Catalysts and VC Grid. Santhoshi Buddhiraju, co-founder of Autocracy Machinery, expressed the company's vision, stating, "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."

Diverse Applications and Global Reach

Founded in 2020 by IIT alumnus Santhoshi Buddhiraju and serial entrepreneur Laxman Vallakati, Autocracy Machinery provides solutions across multiple sectors, including agriculture, telecommunications, landscaping, irrigation, civil engineering, and infrastructural development. The company plans to use the newly acquired funds to enhance its research and development capabilities, expand its manufacturing and marketing footprint, and drive innovation in heavy machinery technology.

Apoorva Ranjan Sharma, co-founder and managing director of Venture Catalysts Group, highlighted the importance of Autocracy’s mission. “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."

Expanding Clientele and Market Presence

In just two years, Autocracy Machinery has built a diverse clientele, serving industrial giants such as Sterlite, L&T, and MEIL, as well as individual farmers and contractors. The company has also expanded into the international market, exporting products to the Middle East and Africa. This strategic foray has significantly boosted their revenue, achieving a three-fold increase over the past years.

With a strong financial foundation and a clear vision, Autocracy Machinery is well-positioned to achieve revenues of Rs 60 crore by the fiscal year 2025. The company’s focus on innovation, quality, and customer satisfaction continues to drive its growth and success.

This latest funding round not only bolsters Autocracy Machinery’s financial health but also strengthens its resolve to push the boundaries of heavy machinery manufacturing in India and beyond.