Funding News: Garuda Aerospace Raises $100 Crore in Series B Funding

Startup: Garuda Aerospace

Founder: Agnishwar Jayaprakash

About us: Garuda Aerospace is India's leading & Biggest Drone Tech Startup in India that is focused on developing low-cost drone solutions to optimize industries through accurate data. At our core, we're drone manufacturers that design impeccable drones for many human & industrial needs. Having only started in 2015, we've already made a significant mark in the drone industry. 10,00,000+ flights have been completed by consumers using Garuda drones.

Founded Year: 2015

Office: Chennai, Tamil Nadu

Sector: Aviation and Aerospace Component Manufacturing

Funding Round:  Series B

Investors: Venture Catalysts

Garuda Aerospace, an aerospace startup backed by ace cricketer Mahendra Singh Dhoni, announced on Wednesday that it has raised $100 crore in its Series B funding round from Venture Catalysts.

The new funds, raised at a valuation of $250 million, will significantly enhance the company's capabilities in drone system production. The investment will also be used to expand the current production facility and expedite the establishment of a research and development and testing center focused on advanced defense drone design.

"This Series B funding not only boosts our manufacturing and innovation capacity but also positions us to accelerate the development of next-generation drone technology", said Agnkshwar Jayaprakash, Founder and CEO of Garuda Aerospace.

Website: http://www.garudaaerospace.com/