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May 29, 2024

DiFACTO Secures Rs 40 Crore from Stakeboat Capital to Drive Robotic Automation in India

DiFACTO Robotics and Automation, a prominent Bengaluru-based provider of robot automation solutions, has successfully secured Rs 40 crore in Series A funding from Stakeboat Capital. This infusion of capital marks a significant milestone for DiFACTO, which plans to use the funds to enhance business growth and solidify its market presence, particularly within India’s burgeoning automotive industry.

Ajay Gopalswamy, the CEO of DiFACTO, emphasized the strategic importance of this funding. “India’s automotive industry, a key driver of robotic automation, is forecasted to achieve a compound annual growth rate (CAGR) of 12.7%, reaching a market value of $512 billion by 2026. This sector is set to contribute 12% to the nation’s GDP. With our strong market position and proven track record, we are well-positioned to capitalize on this growth trajectory,” he stated.

The company’s infrastructure includes three factories located in Bengaluru, alongside branches in Pune and Gurgaon, and a wholly-owned subsidiary in Michigan, USA. DiFACTO’s expertise spans multiple domains such as welding systems, material handling systems, foundry and machine tending systems, and fluid dispensing systems.

Chandrasekar Kandasamy, Managing Partner at Stakeboat Capital, highlighted the rapid adoption of automation in India’s manufacturing sector. “The manufacturing landscape in India is swiftly integrating automation and cutting-edge technologies. DiFACTO is at the forefront of this transformation, driving efficiency and innovation across various industries,” he remarked.

DiFACTO has established itself as a versatile player in the automation field, having collaborated with industries including automotive, aerospace, railways, foundries, and metals. Their clientele features notable entities such as the Defense Research and Development Organisation, Inteltek Automation, ABB Robotics, and Fanuc India.

The new funding will empower DiFACTO to expand its capabilities and scale its operations, enabling it to meet the growing demand for automation solutions in the automotive and manufacturing sectors. As the company continues to innovate and lead in robotic automation, it is poised to play a crucial role in the advancement of India’s industrial landscape.

This investment from Stakeboat Capital underscores the confidence in DiFACTO’s potential to drive significant growth and technological advancement. With a strategic focus on leveraging the opportunities within the automotive sector, DiFACTO is set to contribute substantially to the modernization and efficiency of manufacturing processes in India.

As the automotive industry continues to evolve with the integration of advanced technologies, DiFACTO’s role as a key player in robotic automation solutions is more critical than ever. The company’s forward-looking approach and commitment to excellence position it well to harness the transformative power of automation, ultimately driving substantial economic growth and industrial innovation in India.

Jhumpa Lahiri

Jhumpa Lahiri

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