Garuda Aerospace, backed by MS Dhoni, has raised Rs 100 crore ($11.6 million) in a Series B round. The funding will be used to scale up drone manufacturing and enhance production capabilities.
Amount Raised
₹1 Billion
Round Type
Series B
ChennaiManufacturingVenture CapitalAerospaceInvestors
Description
Drone technology startup Garuda Aerospace has raised Rs 100 crore ($11.6 million) in its Series B funding round led by Venture Catalysts (VCAT) at a post-money valuation of $250 million. The fresh proceeds will be used to scale up drone manufacturing, enhance production capabilities, and complete an R&D and testing center focused on defense drone technology. Founded in 2015, Garuda currently holds over 20 patents and operates a fleet of over 400 drones. Its revenue from operations grew by 2.3X to Rs 110 crore in FY24 from Rs 47 crore in FY23.
Quick answer
Garuda Aerospace raised ₹1 Billion in a Series B round, dated April 16, 2025. Investors: Venture Catalysts. Garuda Aerospace is based in Chennai, Tamil Nadu, India.
- How much did Garuda Aerospace raise?
- Garuda Aerospace raised ₹1 Billion in a Series B round on April 16, 2025.
- Who invested in Garuda Aerospace?
- Venture Catalysts is named as investors in this round.
- 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.
- Joby Aviation raised $250M on May 29, 2025.
- Tidal Flight raised $3M (Seed) on May 21, 2025.
- Flyte Aviation, Inc. raised $1.5M (Private Equity) on May 12, 2025.
- World View raised an undisclosed amount on May 8, 2025.
- Apex raised $200M (Series C) on April 29, 2025.
- Momentus raised $248K (Pre-Seed) on April 24, 2025.
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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