PE Fund Investments
Embedded vision solutions provider E-con attracts Rs.100-Cr from GR 2022 Holdings
E-con Systems, a Bangalore-based embedded vision products and solutions company, has attracted more than INR 100 crore (USD 13 million) from GR 2022 Holdings Inc. The company plans to use the fresh capital to invest in building facilities for imaging, autonomous mobile robots, autonomous shopping, and a cellular and molecular imaging core laboratory. EY acted as the exclusive advisor for e-con Systems on the transaction. The company claims to have built 300 product solutions and shipped over two million cameras across more than 90 countries around the globe. Its products are used across industries like retail, medical, industrial, agriculture, and smart cities.
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