Pune-based robotics startup Haber has secured INR 317.2 Crore (about USD 38 Million) in a recent funding round, according to a filing with the Ministry of Corporate Affairs.

New and existing investors, including Accel India, Beenext Capital, and Creaegis, participated in the Series C round through compulsorily convertible preference shares (CCPS).

The filing disclosed that Accel India contributed INR 33.4 Cr, Beenext Capital injected INR 83.5 Cr, and Creaegis likely invested the remaining INR 200 crore. This funding round will help Haber expand, grow, and meet its capital expenditure needs.

Established in 2017 by Vipin Raghavan, Priya Venkat, and Arjunan PN, Haber creates AI-driven industrial robots that automate labour-intensive processes in industries such as food and beverages and pulp and paper.

These robots have significantly improved industrial efficiency, reportedly helping Haber’s clients conserve 24 Billion litres of water and eliminate 75,000 tons of carbon emissions.

In 2021, Haber secured USD 20 Million in its Series B round, led by Ascent Capital. Competing against startups like Prosus-backed Detech Technologies, Altizon, and Fero Labs, Haber continues to innovate in the AI-powered robotics sector.

While Haber still needs to file its financials for the financial year 2023-24 (FY24), it recorded a net loss of INR 36.7 Cr on revenue of INR 82 Crore in FY23.

The new funding comes as AI-based automation is rapidly gaining traction across various industries in India. Many enterprises, particularly in healthcare, logistics, warehousing, and retail, are integrating AI and robotics to meet the growing demand for faster services.

Reliance Retail, for example, has integrated AI automation in its grocery and lifestyle divisions. Startups like OYO and Unacademy also use AI to optimise their operations.

India’s AI community is growing, with more than 100 GenAI startups raising a total of over USD 600 million since 2019. Krutrim achieved the status of India’s first AI unicorn earlier this year, representing a noteworthy achievement in the country’s AI evolution.

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