In its first funding round, private equity firm Stakeboat Capital contributed Rs 40 crore, or roughly $4.8 million, to robot automation solutions provider DiFACTO.
According to a press release from the company, the money raised will be utilized to expand into new markets, including electronics, cars, and home appliances.
Ajay Gopalswamy founded Difacto in 2007, and it is divided into four main business segments: fluid dispensing systems, foundry and machine tending systems, material handling systems, and welding systems.
According to the company, it has completed over 1,000 projects for 300 clients in 15 different countries. With a wholly-owned subsidiary based in Troy, Michigan, the United States, it operates worldwide in addition to having three factories in Bengaluru and branches in Pune and Gurugram.
Toyota India, Maruti Suzuki, Mahindra Group, and Tata Group are just a few of its clientele.
The company’s revenue was close to Rs 175 crore in FY24, and it is projected to reach Rs 225 crore in FY25. By 2026, the Indian automobile sector is projected to grow at a 12.7% CAGR and reach $512 billion.
