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Stakeboat Capital invests in vacuum pump maker Economy Process Solutions

VCCircleVCCircle · 9m ago
Stakeboat Capital invests in vacuum pump maker Economy Process Solutions
Medial

- Stakeboat Capital has invested Rs 100 crore ($11.9 million) in Economy Process Solutions. - Economy Process Solutions plans to use the funds to expand into newer process equipment production and solutions for the food and beverage industry. - The company provides vacuum and process equipment for industrial and manufacturing setups, and recently expanded its product offerings to the food and beverage industry. - Economy Process Solutions' net sales in 2022-23 were Rs 75.3 crore, with a significant portion coming from waste management, pharma, and chemicals industries. - Stakeboat Capital invests in sectors like healthcare, life sciences, value-added industrials and manufacturing, B2B technology, and B2B services.

Related News

Economy Process Solutions raises $12 Mn in Series A

EntrackrEntrackr · 9m ago
Economy Process Solutions raises $12 Mn in Series A
Medial

Economy Process Solutions, a company specializing in vacuum and process solutions, has successfully raised Rs 100 crore ($12 million) in a Series A funding round led by Stakeboat Capital Fund II. The investment will be directed towards accelerating growth, expanding the range of in-house manufactured products, increasing the company’s global footprint, and entering new categories, particularly in food and beverage solutions. Founded in 2015, Economy Process Solutions offers a diverse portfolio of vacuum systems and process equipment tailored for various industries. Their product lineup includes vacuum pumps, boosters, blowers, and accessories, alongside process equipment such as evaporators, dryers, extractors, reactors, and heat exchangers. Recently, the company has also ventured into the beverage sector, providing solutions for processing, bottling, and packaging. With manufacturing facilities located in Chakan, Pune, Economy aims to enhance its domestic and export business over the next 4-5 years, driven by growth in sectors like waste management, pharmaceuticals, and chemicals. These industries are expected to contribute significantly to their revenue, especially as many major players plan substantial capital expenditures in the near future. Having served over 600 customers across more than 30 countries, Economy Process Solutions is committed to customizing its services to meet customer needs and ensuring timely product deliveries for optimal satisfaction.

Startup funding drops 37% on year to $103 million this week

Economic TimesEconomic Times · 9m ago
Startup funding drops 37% on year to $103 million this week
Medial

- Startups raised $103.2 million in funding between October 5 and October 11, a 36.7% decrease from the same period last year. - This week's funding total of $103.2 million represents a 34.1% increase from the previous week's total of $77 million. - In total, startups secured funds through 21 deals this week, compared to 29 deals during the same period last year. - Haber, an AI-driven robotics startup, raised $38 million in a funding round led by Creaegis, with participation from Accel India and BeeNext Capital. - Spry Therapeutics, a SaaS company, secured $15 million in funding from Flourish Ventures and existing investors. - Economy Process Solutions, a vacuum and process solutions startup, raised $12 million in a series A round led by Stakeboat Capital Fund II.

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