SUMMARY
- Economy Process Solutions raises $12 million in Series A led by Stakeboat Capital Fund II.
- Plans for expansion into new product categories and global markets.
- Key sectors: food & beverage, waste management, pharmaceuticals, and chemicals.
Economy Process Solutions, a leading provider of vacuum and process solutions, has raised Rs 100 crore ($12 million) in a Series A funding round, spearheaded by Stakeboat Capital Fund II. This significant investment will fuel the company’s growth, particularly in expanding its range of in-house manufactured products and enhancing its global footprint. The company also plans to enter new segments, with a keen focus on food and beverage solutions.
Founded in 2015, Economy Process Solutions has established itself as a key player in the vacuum and process equipment industry. The company’s product lineup features vacuum pumps, boosters, blowers, and accessories, as well as specialized equipment like evaporators, dryers, and heat exchangers. Recently, the company ventured into the beverage industry, offering solutions for processing, bottling, and packaging.
Economy operates manufacturing facilities in Chakan, Pune, and plans to leverage this funding to boost its domestic and export businesses over the next 4-5 years. With a focus on sectors like waste management, pharmaceuticals, and chemicals, the company aims to capitalize on upcoming capital expenditures by key industry players.
Having served over 600 customers across 30 countries, Economy Process Solutions is committed to enhancing customer satisfaction through tailored solutions and timely deliveries.
