Robot automation solutions provider DiFACTO has raised Rs 40 crore (about $4.8 million) from private equity firm Stakeboat Capital in its first funding round.
The proceeds will be used to expand across sectors such as cars, home appliances and electronics, the company said in a release.
Founded in 2007 by Ajay Gopalswamy, Difacto operates across four key segments–welding systems, material handling systems, foundry and machine tending systems, and fluid dispensing systems.
The company claims to have delivered more than 1,000 projects to 300 customers across 15 countries. It has three factories in Bengaluru and branches in Pune and Gurugram while it also operates globally with a wholly-owned subsidiary in Troy, Michigan, USA.
Its client base includes the likes of Mahindra Group, Tata Group, Maruti Suzuki and Toyota India .
In FY24, the company’s revenue touched Rs 175 crore and it is expected to grow to Rs 225 crore in FY25. India’s automotive industry is expected to experience a CAGR of 12.7%, reaching $512 billion by 2026.
