DiFACTO Robotics and Automation Private Limited, a leading robot automation solutions provider, has secured ₹40 crore from Stakeboat Capital in its Series Around.
The company plans to chart a stronger growth path with the fresh capital infusion. Ajay Gopalswamy, Founder and Chief Executive Officer of DiFACTO, said, “This capital will be used to fuel our growth, strengthen our market position, and stand true to our commitment towards innovation.”
Established in 2007 and headquartered in Bengaluru, DiFACTO serves as a pioneer in industrial robotics-based solutions and is recognised among the top 5 robot companies in the industry, as per a company statement. At present, the company operates across four key segments: welding systems, material handling systems, foundry and machine tending systems, and fluid dispensing systems.
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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-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 per cent year-on-year increase. This shows a ready appetite for automation consumption and a scope for increased robotics adaptation. With India’s emerging economy and relatively low automation penetration, DiFACTO is uniquely positioned to drive growth in the Indian automation industry.
