Agnishwar Jayaprakash, Founder and CEO, Garuda Aerospace with a drone.
| Photo Credit: BIJOY GHOSH
Garuda Aerospace, a drone start-up, said it has raised ₹100 crore in its Series B funding round from Venture Catalysts (VCAT), at a valuation of $250 million.
The fresh funds are expected to enhance the company’s capabilities in producing drone systems.
The funds will also be allocated to scaling up its current production facility and fast-tracking the completion of a cutting-edge R&D and testing centre dedicated to advanced defence drone design, the firm said.
Agnishwar Jayaprakash, Founder and CEO, Garuda Aerospace, said, “This Series B funding will only strengthens our capacity to scale manufacturing and innovation but also positions us to accelerate the development of next-generation drones technology.”
“ As we prepare for global growth expansion journey, this investment reinforces our commitment to building world-class, indigenous drone technologies that contribute to India’s economic progress, self-reliance in defense, and technological leadership on the global stage,” he added.
Published – April 16, 2025 08:22 pm IST
