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MS Dhoni-backed Garuda Aerospace raises Rs 100 Cr in Series B round

EntrackrEntrackr · 3m ago
MS Dhoni-backed Garuda Aerospace raises Rs 100 Cr in Series B round
Medial

MS Dhoni-backed Garuda Aerospace raises Rs 100 Cr in Series B round Drone technology startup Garuda Aerospace has raised Rs 100 crore ($11.6 million) in its Series B funding round led by Venture Catalysts (VCAT) at a post-money valuation of $250 million. Previously, the firm had raised $22 million in its Series A round led by Venture Capital firm SphitiCap in February 2023. The fresh proceeds will be used to scale up drone manufacturing, enhance production capabilities, and complete an R&D and testing center focused on defense drone technology. Founded in 2015 by Agnishwar Jayaprakash, Garuda has grown to a team of over 200 members and manufactures 30 drone types while offering 50 services. Garuda currently holds over 20 patents and operates a fleet of over 400 drones with 500 trained pilots across 84 cities. It serves clients including government agencies and major corporations such as TATA, Reliance, and Adani. It has also partnered with global companies like Lockheed Martin and Elbit Systems. As per TheKredible, Garuda Aerospace’s revenue from operations grew by 2.3X to Rs 110 crore in FY24 from Rs 47 crore in FY23. Its net profit reached Rs 16 crore in FY24, a 2.7X increase from Rs 6 crore in the previous year. Garuda competes with the likes of ideaForge, Aarav Unmanned Systems, Throttle Aerospace Systems, General Aeronautics, and Omnipresent Robot Tech in the drone manufacturing and drone-as-a-service (DaaS) segment across defense, agriculture, and industrial applications.

Butterfly Learnings raises Rs 32 Cr in Series A round

EntrackrEntrackr · 1y ago
Butterfly Learnings raises Rs 32 Cr in Series A round
Medial

Butterfly Learnings, a platform in paediatric behavioural and developmental health, has raised Rs 32 crore in its Series A round ed by Insitor Impact Asia Fund II and Enzia Ventures, with participation from CIIE (IIMA Ventures), Foundation Botnar, 9 Unicorns, and Venture Catalysts. Earlier in 2022, the Mumbai-based startup had raised $2 million in its seed funding round from Insitor Partners, 9 Unicorns, Venture Catalysts, and others. The fresh proceeds will be used to fuel Butterfly Learnings’ expansion efforts as it plans to scale its tech enabled therapy programs. Founded by Sonam Kothari, Butterfly Learnings operate as a phygital platform that offers tailored support for children and families facing challenges related to neurodiversity. It employs over 250 in-house trained therapists, with operations extending to urban areas such as Pune, Nagpur, and Nasik. The platform’s core offerings include individualized therapy regimens based on applied behavior analysis (ABA), consultations with skilled pediatric neurologists or developmental pediatricians, and additional therapies such as occupational therapy, speech therapy, oral placement therapy, and sensory integration. Currently serving approximately 2,000 families across 30 centers in Maharashtra, the firm plans to extend its reach across multiple states and cities in India through a 200-center network.

Malaki raises Rs 5.7 Cr in seed round led by Venture Catalysts

EntrackrEntrackr · 3m ago
Malaki raises Rs 5.7 Cr in seed round led by Venture Catalysts
Medial

Malaki, a premium beverage brand, has raised Rs 5.7 crore ($669K) in its seed round led by Venture Catalysts. Maarc Ventures and the Dadachanji Family Office also participated. The proceeds will be used to expand Malaki’s presence in quick commerce, premium hospitality, and scale its Crystal Bottle product. It plans to strengthen its online channels, sustainability initiatives, and presence in major metro markets such as Delhi NCR, Hyderabad, Jaipur, and Bengaluru. Founded in 2020 by Mohit and Ashish Bhatia, Malaki offers products such as tonic waters, alkaline waters, sparkling waters, and ginger ales, packaged in sustainable glass bottles. The brand gained visibility after appearing on Shark Tank India and is known for its patented Crystal Bottle design. Malaki currently operates in over 500 premium HORECA outlets and has partnerships with brands like Singapore Airlines, Ritz Carlton, and Hyatt in cities like Mumbai, Pune, and Goa. Venture Catalysts, which has backed startups like Beardo, Pee Safe, and BharatPe, sees strong growth potential in Malaki. The Indian premium beverage market is expected to grow rapidly, driven by consumer demand for healthier and sustainable alternatives.

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