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Robotics startup DiFACTO raises $4.8 Mn

EntrackrEntrackr · 1y ago
Robotics startup DiFACTO raises $4.8 Mn
Medial

Robot automation solutions provider DiFACTO has raised Rs 40 crore (about $4.8 million) from private equity firm Stakeboat Capital in its first funding round. The proceeds will be used to expand across sectors such as cars, home appliances and electronics, the company said in a release. Founded in 2007 by Ajay Gopalswamy, Difacto operates across four key segments–welding systems, material handling systems, foundry and machine tending systems, and fluid dispensing systems. The company claims to have delivered more than 1,000 projects to 300 customers across 15 countries. It has three factories in Bengaluru and branches in Pune and Gurugram while it also operates globally with a wholly-owned subsidiary in Troy, Michigan, USA. Its client base includes the likes of Mahindra Group, Tata Group, Maruti Suzuki and Toyota India . In FY24, the company’s revenue touched Rs 175 crore and it is expected to grow to Rs 225 crore in FY25. India’s automotive industry is expected to experience a CAGR of 12.7%, reaching $512 billion by 2026.

Deepak Ravindran’s KiranaPro acquires Joper.app

EntrackrEntrackr · 6m ago
Deepak Ravindran’s KiranaPro acquires Joper.app
Medial

Snippets Deepak Ravindran’s KiranaPro acquires Joper.app Quick commerce platform KiranaPro has acquired Joper.app, a hyperlocal grocery delivery service that connects small Kirana stores with customers, for an undisclosed amount. Through this acquisition, KiranaPro will fully integrate Joper.app’s operations, using its strengths in local vendor outreach and customer engagement. Joper.app’s onboarded stores, vendors, and customers will shift to the unified ecosystem. KiranaPro will use Joper’s vendor acquisition expertise to expand its market reach further and strengthen local store partnerships. Founded by Deepak Ravindran and Dipankar Sarkar, KiranaPro empowers local kirana stores and supermarkets with its technology. By enabling 10-minute deliveries and providing flexible revenue models, KiranaPro ensures kirana stores stay competitive in the retail landscape. Since its inception, the Joper.app claims to have expanded its operations in about 25 cities, including Ranchi, Thane, Kolkata, Jaipur, Mysuru, Noida, Vaishali, and others. It had onboarded multiple store owners and built a loyal customer base while operating on a rented platform. The combined strengths of AI-powered commerce and localized marketing will create new opportunities for Kirana store owners to scale their businesses more efficiently.

PV Sindhu joins KiranaPro as investor and brand ambassador

EntrackrEntrackr · 6m ago
PV Sindhu joins KiranaPro as investor and brand ambassador
Medial

Quick commerce platform KiranaPro has roped in PV Sindhu, India’s badminton player, as both an investor and brand ambassador. The company didn’t reveal the financial details of the deal but confirmed that Sindhu’s investment is the first commitment in its seed funding round. PV Sindhu’s role will extend beyond just being the face of KiranaPro. According to the company, she will actively contribute to the brand’s vision of bridging the digital divide for small retailers. Her role as the brand’s official ambassador during IPL 2025 will further amplify KiranaPro’s presence on a national scale. Founded by Deepak Ravindran and Dipankar Sarkar, KiranaPro empowers local Kirana stores and supermarkets with its technology. By enabling 10-minute deliveries and providing flexible revenue models, KiranaPro ensures Kirana stores stay competitive in the retail landscape. Recently, KiranaPro acquired Joper.app, a hyperlocal grocery delivery service that connects small Kirana stores with customers, for an undisclosed amount. After this partnership, PV Sindhu will feature in multiple digital and traditional media campaigns, and wear the logo of KiranaPro on her jersey.

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