Haber Raises $38M Series C to Expand Industrial Robotics Solutions

Haber, a manufacturer of industrial robotics, raised Rs 317.2 crore (about $38 million) in its Haber robotics startup Series C funding, which was headed by Creaegis and included Accel India and BEENEXT Capital. The Pune-based company’s latest round of funding, the Haber robotics startup Series C funding, occurred following a three-year hiatus.

According to regulatory papers that Entrackr was able to access, the board of Haber has approved a special resolution to issue 100 equity shares and 457,572 Series C preference shares to raise the aforementioned amount in the Haber robotics startup Series C funding.

With Rs 200.35 crore, Creaegis was the round leader; BEENEXT and Accel contributed Rs 83.5 crore and Rs 33.4 crore, respectively, as part of the Haber robotics startup Series C funding.

The investment will help the business meet its other capital needs as well as its expansion and growth. Haber’s post-allotment valuation is roughly Rs 1,242 crore ($148 million), according to TheKredible, following the successful Haber robotics startup Series C funding.

Industrial robots with artificial intelligence (AI) capabilities are created by Haber to automate labor-intensive operations like sample collecting, measurement, analysis, and factory intervention. On its website, Haber claims to assist businesses in lowering the amount of chemicals, energy, and water used in industries like food and drink, agriculture, and oil and gas, further enhancing its appeal during the Haber robotics startup Series C funding.

So far, the company has funded approximately $65 million, including a $20 million Series B investment in November 2021 led by Ascent Capital and including Accel, Elevation, and BEENEXT, setting the stage for the Haber robotics startup Series C funding.

With an 18.1% ownership, Accel is the largest external stakeholder, followed by Elevation and Creaegis, both of whom participated in the Haber robotics startup Series C funding.

Haber reported a total revenue of Rs 82 crore and a loss of Rs 36.7 crore in FY23; FY24 data are not yet available. Its direct competitors include Altizon, Fero Labs, and Prosus-backed Detect Technologies, making the success of the Haber robotics startup Series C funding even more critical for its competitive edge.