The company will use the funds to expand across sectors such as cars, home appliances and electronics
Difacto offers robotic solutions to the Indian manufacturing sector
The company counts Mahindra Group, Tata Group, Maruti Suzuki, and Toyota India among its clients
Robotics and automation startup Difacto has raised INR 40 Cr (around $4.8 Mn) in its maiden financing round from mid-market private equity firm Stakeboat Capital.
The funds will be used to expand across sectors such as cars, home appliances and electronics, as investment and volume in manufacturing go up, Difacto’s founder and chief executive Ajay Gopalswamy was quoted as saying to ET.
Founded in 2007, Difacto offers robotic solutions to the Indian manufacturing sector. Its operations span four key segments: welding systems, material handling systems, foundry and machine tending systems, and fluid dispensing systems.
The company counts Mahindra Group, Tata Group, Maruti Suzuki, and Toyota India among its clients. With over 200 engineers, Difacto has catered to customers in more than 15 countries over the past 14 years.
The company claims to deliver more than 1,000 projects to some 300 customers across 15 countries.
In FY24, the company’s sales touched INR 175 Cr. This figure is expected to grow to INR 225 Cr in FY25, Gopalswamy told ET.
This comes at a time when Japanese conglomerate SoftBank announced that it is considering investments in Indian data centres and industrial robotics companies, as it looks to boost its focus on the infrastructure layer of artificial intelligence.
In the warehouse automation market, Bengaluru-based warehouse robotics startup Accio Robotics secured $1.8 Mn (around INR 15 Cr) as a part of its Pre-Series A funding round co-led by BIG Capital, Unisync Angels and Daniel Fitzgerald.
