Amount Raised
₹250 Million
Round Type
Seed
ChennaiManufacturingVenture CapitalAerospaceDescription
Drone manufacturer Garuda Aerospace has received Rs 25 crore funding from a fresh bridge round led by integrated incubator Venture Catalysts, WeFounderCircle to meet its working capital requirements, the company said on Wednesday. The fresh round of capital raising also witnessed commitments from other investors, including Hems Angels, San Angels, Peaceful progress funds and several angel investors. "This fresh capital infusion will play a crucial role in accelerating our growth and enhancing our capabilities to meet the escalating market demand," said Garuda Aerospace founder-CEO Agnishwar Jayaprakash. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisit"With the continued backing of esteemed investors and the endorsement of (cricket legend) MS Dhoni, we are confident in our mission to revolutionise the drone technology sector in India," he said in a statement
Quick answer
Garuda Aerospace raised ₹250 Million in a Seed round, dated October 25, 2023. Garuda Aerospace is based in Chennai, Tamil Nadu, India.
- How much did Garuda Aerospace raise?
- Garuda Aerospace raised ₹250 Million in a Seed round on October 25, 2023.
- What does Garuda Aerospace do?
- Garuda Aerospace focuses on the design, build and customization of unmanned aerial vehicles (UAVs) or drones for various applications.
- Where is Garuda Aerospace based and how big is it?
- Garuda Aerospace is based in Chennai, Tamil Nadu, India. Fundz records about 220 employees.
- Who are the decision-makers at Garuda Aerospace?
- Fundz holds 1 contact at Garuda Aerospace. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Venture Capital and Aerospace around the same time
Companies in the same sectors as Garuda Aerospace that raised within 45 days of this round, from Fundz verified event records.
- CoreEL Technologies raised $16M (Funding Round) on December 5, 2023.
- Ursa Major Technologies raised $138M (Funding Round) on November 30, 2023.
- ZeroAvia raised $116M (Series C) on November 27, 2023.
- X-Bow Systems raised an undisclosed amount (Funding Round) on November 16, 2023.
- Quantum Systems raised $69M (Series B) on October 24, 2023.
- Stoke Space raised $100M (Series B) on October 6, 2023.
Who to call at Garuda Aerospace, and when
A new round usually means Garuda Aerospace is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Garuda Aerospace raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Garuda Aerospace, from your own LinkedIn network
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Garuda Aerospace raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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