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 capital infusion will be used to accelerate the company’s growth, broaden its range of in-house manufactured products, and expand its global presence, particularly by entering new categories like food and beverage solutions.

Founded in 2015, Economy Process Solutions offers an extensive portfolio of vacuum systems and process equipment, including vacuum pumps, boosters, blowers, evaporators, dryers, extractors, reactors, and heat exchangers. Recently, the company has also entered the beverage sector, offering solutions for processing, bottling, and packaging.

With its manufacturing facilities located in Chakan, Pune, the company aims to bolster its domestic and export business over the next 4-5 years. The company is targeting growth in sectors like waste management, pharmaceuticals, and chemicals, which are expected to play a key role in boosting its revenue. As major players in these industries plan significant capital investments, Economy Process Solutions aims to meet the rising demand.

To date, the company has served over 600 customers across 30+ countries, and it remains focused on delivering customized solutions and timely deliveries to ensure client satisfaction.