Difacto Raises Rs 40 Cr In Series A Round From Stakeboat Capital
With three factories in Bengaluru and branches in Pune and Gurgaon, the company operates globally, including a wholly-owned subsidiary in Troy, Michigan, USA
Difacto Robotics and Automation, a robot automation solutions provider, secured Rs 40 crore from Stakeboat Capital in its Series A round. Stakeboat Capital’s strategic investment is grounded in Difacto's innovative approach and its commitment towards driving growth in India’s robotic automation sector.
The company plans to chart a stronger growth path with the fresh capital infusion, as expressed by Ajay Gopalswamy, Founder and Chief Executive Officer of Difacto, “We are thrilled to welcome Stakeboat Capital as our key shareholder. This capital will be used to fuel our growth, strengthen our market position, and stand true to our commitment towards innovation. 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.”
Established in 2007 and headquartered in Bengaluru, DiFACTO serves as a robotics-based solutions provider. 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.
Echoing the founder’s sentiment, Chandrasekar Kandasamy, Managing Partner of Stakeboat Capital, said, “We are eagerly looking forward to working with Difacto. India’s manufacturing sector is rapidly embracing automation and cutting-edge technologies. Its 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.”
Srinivas Baratam, Managing Director, Stakeboat Capital, believes that initiatives such as Make in India and increased focus on manufactured exports will lead to a shortage of skilled manpower available to the sector. This, along with the need to improve efficiency and quality, will significantly propel the adoption of robotic automation. He adds that “while data published by the International Federation of Robotics (IFR), puts India in the 10th place globally, as regards annual industrial robot installations, this position will rapidly change as the manufacturing sector continues to grow.”
Post the COVID-19 pandemic, the Indian automotive market has been on a steady growth path, with both domestic sales and exports showing robust growth. In February 2024, the industry recorded a domestic sale of 18,94,900 units across segments marking a 28.7 per cent year-on-year increase. Exports also saw a substantial rise, with 4,08,422 units shipped, marking a 36.17% year-on-year increase.
