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DiFACTO Secures Funding to Fuel Robotics Expansion

Preeti Bali / 7:55 am / May 30, 2024

DiFACTO, a leading provider of robotic automation solutions, has secured its first round of funding. The Bengaluru-based company has received Rs 40 crore (approximately $4.8 million) from private equity firm Stakeboat Capital.

Fresh Capital Injects Growth for Robotics Solutions

This investment will empower DiFACTO to broaden its reach across various sectors. The company plans to utilize the funds to expand its operations in the automotive, home appliance, and electronics industries.

Founded in 2007 by Ajay Gopalswamy, DiFACTO has carved a niche in the field of industrial automation solutions. Their core expertise lies in four key segments: welding systems, material handling systems, foundry and machine tending systems, and fluid dispensing systems.

Over the years, DiFACTO has amassed a remarkable track record, successfully delivering over 1,000 projects to more than 300 clients in 15 countries. The company boasts a robust manufacturing presence with three facilities in Bengaluru. Additionally, they have established branch offices in Pune and Gurugram to cater to the domestic market. DiFACTO’s global footprint extends to North America through a wholly-owned subsidiary located in Troy, Michigan, USA.

The company’s reputation is further bolstered by its prestigious clientele, including industry giants like Mahindra Group, Tata Group, Maruti Suzuki, and Toyota India.

A Promising Future for Robotics in India

DiFACTO’s financial performance reflects steady growth. The company reported a revenue of Rs 175 crore in FY24 and projects an increase to Rs 225 crore in FY25. This growth trajectory aligns with the anticipated expansion of the Indian automotive industry, which is expected to experience a compound annual growth rate (CAGR) of 12.7%, reaching a valuation of $512 billion by 2026. With this funding and a strong market outlook, DiFACTO is well-positioned to capitalize on the growing demand for automation solutions across diverse sectors in India.

 

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