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The Hindu
The Hindu
National
The Hindu Bureau

Drone startup Garuda Aerospace secures ₹25 crore in funding

Garuda Garuda Aerospace Drone Venture Catalysts

Garuda Aerospace, a drone company backed by former Indian cricket team captain Mahendra Singh Dhoni, has raised ₹25 crore in a fresh bridge round of funding led by Venture Catalysts and WeFounderCircle.

The funding round saw the participation of notable investors such as the Hems Angels, San Angels, Peaceful Progress Funds and other prominent angel investors. The funds secured through the bridge round will be utilised to meet the surge in demand for drone solutions.

The company will allocate funds towards working capital requirements, ensuring seamless execution of the IFFCO drone order and fulfilling the pre-booked orders from numerous dealers from across the country.

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