Backed by MS Dhoni, drone startup Garuda Aerospace secures ₹100 crore in Series B Funding from VCAT

When Garuda Aerospace was launched in 2015, with a team of five, few could predict the scale that reached less than a decade. Currently, the most valuable unmanned operation in India has provided 100 Crore Series by entrepreneurial catalysts (VCAT) by $ 250 million. This is not only a financial milestone. This is a strategic jump that will put the garroda ambition, becoming the world leader in native unmanned production and defensive innovation.

Garuda Aerospace, known for its extensive drones and technological predictions, is going to increase its production and research infrastructure. Under more than 20 patents, a beginner, a beginner allocates some of its new resources to the expansion of intellectual property and the creation of a new design facility focused on new design systems.

This step reflects its wider role in supporting India’s defense ambitions and the Atkenir Bazarat initiative. Next to the agricultural applications, Garuda is building more than 85% of indigenous systems, despite the challenges of supply, further places national priorities.

The increase in the row, with a prepaid value of $ 250 million, followed its previous $ 100 million evaluation in the series of 2022-23. On September 2024, 2024, he joined Cricketer MS Dhoni as the investor and brand ambassador with significant momentum.

The New 35,000 Sq Ft Garuda Drone Park is in the center of Garuda’s growth strategy, which has been developed with Tata Elxsi and other partners, which will operate as a cutting R & D and test hub. This complements its production base in Chennai, forming the spine of its hardware innovation ecosystem.

Garudan also cooperates with partners with Stalwarts Hal and Beml and operates on a lean, a lightweight model, as a result of which it is impressive, 30-32% gross margins, and 15%. The FY24-25’s 2nd Crore’s 2nd Crore has increased 1 122 Crore ₹ 122 Crore for a 2-3x growth forecast for FY25-26.

“Garuda Aerospace’s growth trip to the growth of Garuda Aerospace is an important event,” said the Foundation and CEO Agicarwar Jayun. “It not only strengthens our ability of production and innovation, but also positions us to speed up the development of the next generation of drones.”

Venture catalysts see such a promise. “The role of Garuda plays Indian Indigenous Protection Production in strengthening the ecosystem, while it also creates a global footprint, something that really worries you.

The history of Garuda’s success islands in the drones of the prosperous market of India, which is conditioned by strong government support, 2021. The beginner continues to diversify its customer base from Swiggy and Flipkart to NTPC and Lockheed Martin – while offering DAAS solutions and experimental courses in 84 cities with more than 400 drones.