Difacto Robotics and Automation has secured INR 40 crore (about USD 4.8 million) from non-public fairness agency Stakeboat Capital in its first financing spherical.
Ajay Gopalswamy, founder and chief government of the Bengaluru-headquartered firm, instructed ET that the cash might be used to increase throughout sectors corresponding to automobiles, dwelling home equipment and electronics, as funding and quantity in manufacturing go up.
“India’s automotive trade is without doubt one of the many areas that leverage robotic automation. It’s anticipated to expertise an annual development of 12.7%, reaching USD 512 billion by 2026,” Gopalswamy mentioned. “It is usually poised to contribute 12% of our nation’s GDP. With our established market dominance and observe document, we see a powerful development trajectory right here.”
Difacto, arrange in 2007, operates throughout 4 key segments–welding techniques, materials dealing with techniques, foundry and machine tending techniques, and fluid allotting techniques. Mahindra Group, Tata Group, Maruti Suzuki and Toyota India are amongst its purchasers.
In FY24, the corporate’s gross sales touched INR 175 crore. This determine is predicted to develop to INR 225 crore in FY25, Gopalswamy mentioned.
Difacto, with three factories in Bengaluru and branches in Pune and Gurgaon, operates globally. It additionally has an entirely owned subsidiary in Troy, Michigan, US.
The corporate has delivered greater than 1,000 initiatives to some 300 clients throughout 15 nations.
Previous to organising Difacto, Gopalswamy had spent greater than three many years within the industrial robotics and automation trade, working in organisations corresponding to Protection Analysis and Improvement Organisation (DRDO), Inteltek Automation, ABB Robotics and Fanuc India.
Stakeboat Capital is a Bengaluru-based non-public fairness fund centered on Indian companies which can be on the low-end of the mid-market. Different corporations it has backed embody Newgen KnowledgeWorks, Ozonotel and Leadsquared.
