Haber, an innovative maker of industrial robotics, has successfully raised ₹317.2 crore (approximately $38 million) in its Series C funding round. The round was led by Creaegis, with notable participation from Accel India and BEENEXT Capital. This funding marks a significant milestone for the Pune-based company, occurring after a three-year hiatus from fundraising.

According to regulatory filings accessed by Entrackr, the board at Haber has authorized the issuance of 100 equity shares and 457,572 Series C preference shares to facilitate this funding. Creaegis contributed ₹200.35 crore, while BEENEXT and Accel added ₹83.5 crore and ₹33.4 crore, respectively.

The fresh capital will be utilized to bolster the company’s expansion plans, support its growth initiatives, and fulfill other capital requirements. As reported by TheKredible, Haber’s post-allotment valuation is approximately ₹1,242 crore ($148 million).

Firm specializes in developing AI-powered industrial robots that automate labor-intensive tasks such as sample collection, measurement, analysis, and intervention in manufacturing environments. Their solutions aim to enhance operational efficiency while significantly reducing chemical consumption, energy, and water usage across various sectors, including food and beverages, agriculture, and oil and gas.

To date, Haber has raised over $65 million, including a $20 million Series B round led by Ascent Capital with participation from Accel, Elevation, and BEENEXT in November 2021. Accel holds the largest external stake in the company, with an 18.1% ownership, followed by Creaegis and Elevation.

While FY24 financial numbers have yet to be disclosed, Haber reported total revenue of ₹82 crore and a loss of ₹36.7 crore in FY23. The company competes directly with other industry players, including Prosus-backed Detect Technologies, Altizon, and Fero Labs.

For a detailed shareholding breakup and more information, visit TheKredible.

 

visit: gamicaltech.com