Noida-based drone startup Raphe mPhibr raises $100 million in funding round led by General Catalyst, the largest private capital raise in India's aerospace manufacturing sector.
Funding round also includes participation from Think Investments, angel investor Amal Parikh, and various family offices.
Raphe mPhibr plans to use the funding for innovation and developing solutions for defense purposes in India and beyond.
Founded in 2017, Raphe mPhibr designs and manufactures customized UAV solutions, having tested them across various terrains and conditions in India.