Chennai-based drone startup Garuda Aerospace, backed by former Indian cricket captain MS Dhoni, has raised ₹100 crore in its Series B funding round led by Venture Catalysts, valuing the company at ₹2,125 crore ($250 million).
The funds will be used to ramp up drone manufacturing, expand production facilities, and accelerate the development of an advanced R&D and testing centre with a focus on defence technologies.
Founder and CEO Agnishwar Jayaprakash said the investment marks a significant milestone in Garuda’s journey to becoming a global drone leader. “This capital will fuel our growth, enhance innovation, and support our mission to make India a global hub for drone technology,” he added.
Earlier, the company announced a ₹100 crore investment to set up a ‘Drone City’ in Andhra Pradesh, aimed at boosting India’s presence in the global drone ecosystem.
- Kapil Jaiswal: Named One of India’s 10 Leading CTOs in India 2025 By Corporate TrendZKapil Jaiswal has emerged as a transformative force in the… Read more: Kapil Jaiswal: Named One of India’s 10 Leading CTOs in India 2025 By Corporate TrendZ
- Dr. Asha Bhatia: Named One of India’s Most Inspiring Educational Leaders in 2025 By Corporate TrendZA national award nominee and an academic leader with over… Read more: Dr. Asha Bhatia: Named One of India’s Most Inspiring Educational Leaders in 2025 By Corporate TrendZ
- 14-Year-Old Vaibhav Suryavanshi Makes IPL History with Fastest Indian Century14-Year-Old Vaibhav Suryavanshi is making history in IPL This 14-year-old… Read more: 14-Year-Old Vaibhav Suryavanshi Makes IPL History with Fastest Indian Century
