Robotics company Difacto raises $4.8 million from Stakeboat Capital
Difacto Robotics and Automation has secured Rs 40 crore (about $4.8 million) from private equity firm Stakeboat Capital in its first financing round.
Ajay Gopalswamy, founder and chief executive of the Bengaluru-headquartered company, told ET that the money will be used to expand across sectors such as cars, home appliances and electronics, as investment and volume in manufacturing go up.
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Offering CollegeCourseWebsiteMIT xPROMIT Technology Leadership and InnovationVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisit“India’s automotive industry is one of the many areas that leverage robotic automation. It is expected to experience an annual growth of 12.7%, reaching $512 billion by 2026,” Gopalswamy said. “It is also poised to contribute 12% of our nation’s GDP. With our established market dominance and track record, we see a strong growth trajectory here.”
Difacto, set up in 2007, operates across four key segments–welding systems, material handling systems, foundry and machine tending systems, and fluid dispensing systems. Mahindra Group, Tata Group, Maruti Suzuki and Toyota India are among its clients.
In FY24, the company’s sales touched Rs 175 crore. This figure is expected to grow to Rs 225 crore in FY25, Gopalswamy said.
Difacto, with three factories in Bengaluru and branches in Pune and Gurgaon, operates globally. It also has a wholly owned subsidiary in Troy, Michigan, US.
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