Economy Process Solutions secures ₹100 CR from Stakeboat Capital

Rajesh Ahuja, Founder and Chief Executive Officer, Economy, expressed, “We are delighted to have Stakeboat Capital join us as a significant shareholder. We plan to use this capital to accelerate our growth, broaden our range of in-house manufactured products, expand our global footprint, and foray into new categories such as F&B solutions. We are honoured to collaborate with Stakeboat in our vision to take Economy to greater heights.”

Srinivas Baratam, Managing Director, Stakeboat Capital, stated that the increased competitiveness of Made in India products would compel many Indian and global companies to take a closer look at India-manufactured alternatives in the capital equipment industry. He added, “Indian capital equipment manufacturing provides a suitable combination of customised designs and sizes, at highly competitive prices. We believe that global companies can greatly benefit from Indian ingenuity, especially when it comes to certain sizes and volumes. Economy is differentiated by its ability to turnaround enquiries and implement solutions quickly, often beating customer expectations.” 

Economy is expected to grow its domestic and export businesses over the next 4-5 years, due to growth in industries such as waste management, pharma, and chemicals, that contribute to majority of their revenue. Many large players in these industries are planning significant capex in the short to medium term, which will support growth of the capital equipment industry. 

Chandrasekar Kandasamy, Managing Partner, Stakeboat Capital, said, “We are thrilled to join Economy in its transformative journey. While continued growth of the Indian economy is expected to support the manufacturing industry in India, incentivisation by the Indian government will further benefit the ecosystem. We believe in Economy's vision and dedication to generating substantial value for its customers and are eagerly looking forward to the opportunities that lie ahead.”