In a landmark move that highlights the dynamism of technology sector in India, DiFACTO, a pioneering robot automation solutions provider, has successfully secured Rs 40 crore in first funding round led by private equity firm Stakeboat Capital. The fresh capital is a significant milestone for the startup. It will help in broadening its horizons and simultaneously exploring further in various sectors including automobiles, home appliances and electronics.
DiFACTO was founded by Ajay Gopalswamy in 2007 and since then it has emerged as a key player in the automation industry. It provides automation solutions to welding systems, material handling systems, foundry and machine tending systems, and fluid dispensing systems.
The company’s portfolio is impressive. It has delivered more than 1,000 projects to 300 customers and across 15 countries. It all reveals its robust capabilities.
DiFACTO has three state-of-the-art factories in Bengaluru along with some additional branches in Pune and Gurugram. It owns a subsidiary in Troy, Michigan, USA. The company has strategically positioned itself internationally and caters to a diverse clientele. A couple of its clients worth mentioning are Mahindra Group, Tata Group, Maruti Suzuki and Toyota India.
The new investment from Stakeboat Capital is a financial boost for the company as well as an endorsement of its strategic vision and growth potential. Its revenues are to reach Rs 175 crore in FY24 and projected to escalate to Rs 225 crore in FY25.
The Indian automotive industry is a core market for DiFACTO and it is learned to grow at a compound annual growth rate (CAGR) of 12.7%. it may reach to a staggering $512 billion by 2026. The expansion is believed to be a fertile ground for the startup. It will help with further innovate.
