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Defense tech startup Sharang Shakti raised Rs 5 crore in a pre-seed round co-led by AUM Ventures and Venture Highway to support product development and expand the team.

Sep 23, 2024about 1 year ago

Amount Raised

₹50 Million

Round Type

seed

NoidaSecurityBiotechnology

Investors

Angel InvestorsJk Group’s Family OfficeVenture HighwayAum Ventures

Description

Defense robotics startup Sharang Shakti has secured Rs 5 crore in a pre-seed funding round co-led by AUM Ventures and Venture Highway, along with participation from the JK Group’s Family office and other angel investors. The proceeds will be used for product development and expanding the team.

Company Information

Company

Sharang Shakti

Location

Noida, Uttar Pradesh, India

About

Sharang Shakti is a defense robotics startup co-founded in 2023 focused on innovating in airspace surveillance and airborne threat mitigation. The company is actively developing an anti-drone system designed to detect, track, and neutralize hostile drones, marking the beginning of several products in its pipeline. It aims to build a comprehensive technology stack for various robotic systems tailored for defense applications. With aspirations to become a next-gen Lockheed Martin from India, Sharang Shakti recently secured Rs 5 crore in pre-seed funding.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech