Robotics firm DiFACTO receives Rs 40 crore Series A funding from Stakeboat Capital for growth in India's automotive industry.

Robotics firm DiFACTO secures Rs 40 crore ($5.3m) in Series A funding from private equity firm Stakeboat Capital. The funds will be used to fuel the company's growth and strengthen its market position in India's automotive industry, which is expected to reach $512bn by 2026. DiFACTO offers solutions in welding systems, material handling systems, foundry and machine tending systems, and fluid dispensing systems.