DiFACTO raises Rs 40 crore funding from Stakeboat Capital in Series A round

DiFACTO Robotics and Automation Private Limited, a robot automation solutions provider, has received funding of Rs 40 crore from Stakeboat Capital in its Series A round, the company said in a press release on May 29.

"India’s manufacturing sector is rapidly embracing automation and cutting-edge technologies. DiFACTO’s innovative approach and unwavering commitment to excellence perfectly align with Stakeboat Capital's vision for driving growth and transformation in the robotic automation space. We are elated about the synergies and opportunities this collaboration presents as we embark on this transformative journey together," said Chandrasekar Kandasamy, managing partner of Stakeboat Capital.

DiFACTO was founded in 2007 and serves industrial robotic-based solutions. The Bengaluru-headquartered startup plans to use the fresh funding to map out a more robust growth trajectory.
“This capital will be used to fuel our growth, strengthen our market position, and stand true to our commitment towards innovation. India’s automotive industry is one of the many areas that leverage robotic automation. It is expected to experience a CAGR of 12.7%, reaching $512 billion by 2026. 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. We are grateful for Stakeboat’s trust in our vision as we pursue growth, fuelled by our strong market position and the trust of our expanding customer base," said  Gopalswamy, founder and CEO of DiFACTO.

With three factories in Bengaluru and branches in Pune and Gurgaon, the company operates globally, including a wholly-owned subsidiary in Troy, Michigan, USA. At present, the company operates across four key segments: welding systems, material handling systems, foundry and machine tending systems, and fluid dispensing systems.
DiFACTO claims to have delivered over 1000 projects for 300 customers across 15 countries.

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