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Robotics firm DiFACTO raises Rs 400 million in funding from Stakeboat Capital
Industry News- Jun 03,24
DiFACTO has three factories in Bengaluru, branches in Pune and Gurgaon, and a wholly-owned subsidiary in Michigan, USA.
DiFACTO Robotics and Automation, a Bengaluru-based provider of robot automation solutions, announced on Wednesday that it has secured Rs 400 million in Series A funding from Stakeboat Capital. The funding will be utilised to fuel business expansion and reinforce its market presence.
Ajay Gopalswamy, the CEO of DiFACTO, stated the startup's intention to tap into the robotic automation needs of India's automotive industry, which is projected to grow at a CAGR of 12.7% and contribute significantly to the nation's GDP by 2026.
With its established market dominance and proven track record, DiFACTO anticipates a robust growth trajectory in this sector. The company operates three factories in Bengaluru, along with branches in Pune and Gurgaon, and a subsidiary in Michigan, USA. Its expertise spans welding systems, material handling systems, foundry and machine tending systems, and fluid dispensing systems.
Chandrasekar Kandasamy, Managing Partner, Stakeboat Capital, highlighted the rapid adoption of automation and cutting-edge technologies in India's manufacturing sector. DiFACTO has a diverse portfolio of clients across industries such as automotive, aerospace, railways, foundries, and metals, collaborating with esteemed organisations including Defense Research and Development Organisation, Inteltek Automation, ABB Robotics, and Fanuc India.
(Source: Business Standard)
DiFACTO
robotics
Stakeboat Capital
Bengaluru
Ajay Gopalswamy
manufacturing
automation
Chandrasekar Kandasamy
Defense Research and Development Organisation
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