Drone startup Garuda Aerospace secures Rs 100 crore funding from Venture Catalysts at $250 million valuation

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Drone startup Garuda Aerospace, backed by former Indian cricket team captain Mahendra Singh Dhoni, has raised Rs 100 crore in its series B funding round from early-stage investor Venture Catalysts, at a valuation of $250 million.

The newly raised funds will be utilised to enhance its drone manufacturing capabilities, scale up its production facility, and accelerate the completion of an R&D and testing centre focused on advanced defence drone design, the Chennai-based company said on Wednesday.

The company also plans to expand its intellectual property…



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Drone startup Garuda Aerospace secures Rs 100 crore funding from Venture Catalysts at $250 million valuation


Drone startup Garuda Aerospace, backed by former Indian cricket team captain Mahendra Singh Dhoni, has raised Rs 100 crore in its series B funding round from early-stage investor Venture Catalysts, at a valuation of $250 million.

The newly raised funds will be utilised to enhance its drone manufacturing capabilities, scale up its production facility, and accelerate the completion of an R&D and testing centre focused on advanced defence drone design, the Chennai-based company said on Wednesday.

The company also plans to expand its intellectual property…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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