DiFACTO Robotics and Automation Private Limited, a robot automation solutions provider, has secured Rs. 40 crore from Stakeboat Capital in its Series A round.
Ajay Gopalswamy, founder and chief executive officer stated, “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. India’s automotive industry is one of the many areas that leverage robotic automation.”
The statement added that by 2026, the CAGR of 12.7% is expected, which will be around $512 billion. It will also contribute 12% to our nation’s GDP.
The company has three factories in Bengaluru and branches in Pune and Gurugram. It was established in 2007 and is headquartered in Bengaluru, and operated globally, including a wholly owned subsidiary in Troy, Michigan, USA. Currently, the firm operates across four different segments: welding systems, material handling systems, foundry and machine tending systems, and fluid dispensing systems.
