Construction machinery maker Autocracy raises seed round led by Venture Catalysts

Autocracy Machinery , a Hyderabad-based manufacturer of trenching, turf and construction machinery, has raised USD 1.2 million in seed round led by Venture Catalysts. The round also saw participation from angel investors Nikhil & Bharat Jaisinghani (Executive Directors, Polycab India Limited), Meghna Agarwal (CEO, IndiQube), HEM Angels, and VC Grid.Founded in 2020 by Santhoshi Buddhiraju and serial entrepreneur Laxman Vallakati, caters to multiple sectors such as agriculture, telecommunications, landscaping, and irrigation.The new funds will be utilised to expand domestic and global distribution footprint, invest in R&D and build an industrial unit to enhance and streamline production.