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Garuda Aerospace Raises Additional $1M in Series B Round to Accelerate Drone Manufacturing and Global Expansion
- Garuda Aerospace, with backing from MS Dhoni, secures an additional $1 million in Series B funding from Narotam Sekhsaria Family Office and We Founder Circle.
- The funding is part of an ongoing Series B round adding to the $12 million previously raised, maintaining the company's valuation at $250 million.
- The investment aims to boost manufacturing capacity, increasing annual drone production and targeting 50,000 units annually.
- Garuda Aerospace plans to focus on innovation, national service, and global scale with a strong emphasis on R&D aligned with India's self-reliant vision.
- The startup, founded in 2015, serves both commercial and government sectors with drone manufacturing, drone-as-a-service, and pilot training programs.
- Garuda Aerospace specializes in precision agritech, industrial inspections, and now moves into the defence segment.
- The company operates over 400 drones with trained pilots across 84 Indian cities, offering various drone services to more than 750 clients.
- With plans for an IPO, Garuda Aerospace targets expanding exports to 50 countries by 2025 and focuses on global drone deployment.
- For the fiscal year ending March 2025, the company reported Rs 123 crore in revenue, showcasing growth from previous years.
- Garuda Aerospace, with a total funding of $51.9 million, stands out as one of India's well-capitalized drone-tech startups in the industry.
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