Garuda Aerospace Secures Rs 25 Crore Bridge Funding, Targets Expanding Drone Demand
Garuda Aerospace, a Chennai-based drone manufacturer, has raised Rs 25 crore in a bridge funding round led by integrated incubator Venture Catalysts and WeFounderCircle. The funding round also saw participation from several prominent investors, including Hems Angels, Peaceful Progress Funds, San Angels, etc. As per the startup, the freshly raised […]
Unmanned Innovation: Top 5 Innovative Drone Startups In India
The drone startup landscape in India has undergone a transformative shift ever since the liberalization of drone operations through the Drones Rules 2021. This policy change has breathed new life into the unmanned aerial vehicle (UAV) ecosystem, paving the way for innovative ideas, technological advancements, and unprecedented growth opportunities. Recent […]
Garuda Aerospace Raises $22 Mn In Series A Funding Round
Garuda Aerospace, a Chennai-based drone startup, has raised $22 million (around Rs 182 crore) in a Series A funding round led by early-stage venture capital company SphitiCap. The round, which valued the startup at $250 million, also saw participation from other global investors, angel investors and high net-worth individuals (HNIs). […]
Drone Startup Garuda Aerospace Raises $5 Million In Funding
Garuda Aerospace, a Chennai-based drone startup, has raised $5 million in funding from a large infra-development company, a group of HNI and angel investors from India, Singapore and the UAE. The startup plans to use the raised funds to focus on building advanced drone solutions for the Indian Armed Forces […]