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Defense tech startup Sharang Shakti raises pre-seed round

Entrackr

Entrackr · 1y ago

Defense tech startup Sharang Shakti raises pre-seed round

Defense robotics startup Sharang Shakti has secured Rs 5 crore in a pre-seed funding round co-led by AUM Ventures and Venture Highway along with participation from the JK Group’s Family office and other angel investors. The proceeds will be used for product development and expanding the team, Sharang Shakti said in a press release. Co-founded in 2023 by Karan Goyal, Chirag Singla, Jitendra Singh, Gaurav Kumar and Rishabh Choudhary, .Sharang Shakti is a security robotics company which focuses on innovating in airspace surveillance and airborne threat mitigation. The company is currently working on an anti-drone system designed to detect, track, and neutralize hostile drones, marking the first of several products in its development pipeline. According to market research, the global Anduril industry is valued at $14 billion. The Gurugram-based company aims to focus on building a comprehensive technology stack which will enable the development of a wide range of robotic systems for defense applications and to build next-gen Lockheed Martin from India. Earlier this month, Indusbridge Ventures , a defense technology-focused company, joined forces with US-based deep-tech venture builder FedTech to introduce the ‘I2A Launchpad’ program. The initiative aims to support Indian dual-use startups.

Related News

Space tech startup Akashalabdhi raises $1.2 Mn in pre seed round

Entrackr

Entrackr · 5m ago

Space tech startup Akashalabdhi raises $1.2 Mn in pre seed round

Snippets Space tech startup Akashalabdhi raises $1.2 Mn in pre-seed round The proceeds will be used to develop ANTARIKSHAB, an expandable space habitat designed for orbital logistics, microgravity experiments, space habitation, and defense applications. Akashalabdhi, a space tech startup developing expandable space habitats and dual-use defense technologies, has raised $1.2 million in a pre-seed funding round from Uday Chatterjee, Romesh Sobti, Suraj Nalin, LVX, 1Crowd, and Riceberg Ventures. "Our vision is clear. We want to put India at the forefront of orbital infrastructure and space habitation by innovating dual-use technologies. The successful close of our pre-seed funding round is a significant milestone that brings us closer to this goal. With the support of our investors, we are one step closer to making ANTARIKSHAB a global reality,” said Siddharth Jena, Founder of Akashalabdhi. Incubated at FSID, Indian Institute of Science (IISc), and TIDES, IIT Roorkee, and supported by KickSky Accelerator, the company leverages research and mentorship to transform visionary concepts into scalable solutions.

Deepinder Goyal’s LAT Aerospace acquires Sharang Shakti

Entrackr

Entrackr · 12h ago

Deepinder Goyal’s LAT Aerospace acquires Sharang Shakti

Deepinder Goyal’s LAT Aerospace acquires Sharang Shakti Hybrid-electric regional aircraft maker LAT Aerospace has acquired Gurugram-based defence robotics startup Sharang Shakti, for an undisclosed amount. “This is our first move toward building indigenous defence capabilities alongside our long-term mission of developing next-generation civil aviation platforms from India,” Goyal said in a LinkedIn post announcing the acquisition. Goyal added that civil aviation and defence are often viewed as separate sectors but the core technology stack is shared across autonomy, perception, sensing, navigation, guidance, and control systems. Goyal co-founded LAT Aerospace in early 2025 and has invested $20 million so far. The company is also in talks to raise another $50 million, according to media reports. Founded in 2023 by Karan Goyal, Chirag Singla, Gaurav Kumar, Jitendra Singh, and Rishabh Choudhary, Sharang Shakti develops anti-drone and aerial threat mitigation systems, including drone detection radar and interceptor technologies. With this acquisition, LAT Aerospace plans to strengthen its capabilities in autonomous systems, defence electronics, and aerospace-grade control technologies. LAT Aerospace is building hybrid-electric regional aircraft and vertical takeoff and landing (VTOL) platforms aimed at improving regional air mobility. The company had announced its launch in 2024.

Deepinder Goyal's LAT Aerospace acquires robotics startup Sharang Shakti - The Economic Times

Economic Times

Economic Times · 12h ago

Deepinder Goyal's LAT Aerospace acquires robotics startup Sharang Shakti - The Economic Times

LAT Aerospace, founded by Deepinder Goyal and Surobhi Das, has acquired Sharang Shakti, a Gurugram-based defence robotics startup. This acquisition marks LAT Aerospace's initial step in developing indigenous defence capabilities and aims to create a technology stack applicable to both civil aviation and defence sectors. LAT Aerospace plans to build regional aircraft and has invested significantly in research and development, indicating aspirations for future expansion in the aviation industry.

Deepinder Goyal’s LAT Aerospace Makes Defence Push

StartupTalky

StartupTalky · 12h ago

Deepinder Goyal’s LAT Aerospace Makes Defence Push

LAT Aerospace, backed by Deepinder Goyal, has entered the defence tech sector by acquiring Sharang Shakti, an anti-drone system developer founded by IIT-Delhi alumni. The acquisition aligns with LAT's goal to integrate technologies common to civil aviation and defence, marking its initial step towards building indigenous defence capabilities. This move follows Goyal's recent resignation as Group CEO of Eternal, Zomato’s parent company, to explore innovative ventures like LAT Aerospace and other startups.

Jeh Aerospace raises $2.75 million in funding round led by General Catalyst

Economic Times

Economic Times · 2y ago

Jeh Aerospace raises $2.75 million in funding round led by General Catalyst

Indian aerospace and defense manufacturing startup, Jeh Aerospace, has secured $2.75 million in a seed funding round led by General Catalyst. Former executives from Boeing India and Airbus India also participated in the round. The funds will be used to build infrastructure, support growth, and expand the company's team. Jeh Aerospace provides solutions for the aerospace and defense industries, specializing in aero-structure and aero-engine components and assemblies. The startup plans to open a new manufacturing facility soon.

Vodex, three others secure early-stage funding

VCCircle

VCCircle · 1y ago

Vodex, three others secure early-stage funding

Vodex, Ono, Arch0, and Mave Health have all secured early-stage funding. Vodex, a generative AI-based SaaS startup, raised $2 million in a seed funding round. Ono, an agritech startup, raised $1.3 million in a seed funding round. Arch0, a cloud security startup, raised $1.25 million in a pre-seed funding round. Mave Health, a healthtech startup, raised $719,202 in a pre-seed funding round, co-led by All-In Capital and Utsav Somani's iSeed Fund. These companies plan to use the funding to expand their operations, hire talent, and further develop their products.

Drone startup UrbanMatrix Technologies raises Rs 6 crore in funding

Economic Times

Economic Times · 2y ago

Drone startup UrbanMatrix Technologies raises Rs 6 crore in funding

UrbanMatrix Technologies, a drone tech startup, has raised Rs 6 crore in a pre-series A funding round led by Inflection Point Ventures. The funds will be utilized for product development, team expansion, and entering new markets. UrbanMatrix specializes in developing industrial drones and software for various applications, including survey, surveillance, agriculture, AI-aided inspection, and defense. The company aims to address the challenge of scaling drone operations through cutting-edge cloud technology. The drone industry has seen increased investments as demand rises from multiple sectors.

Dronetech startup Urban Matrix raises Rs 6Cr in pre-Series A round led by Inflection Point Ventures

IndianStartupNews

IndianStartupNews · 2y ago

Dronetech startup Urban Matrix raises Rs 6Cr in pre-Series A round led by Inflection Point Ventures

UrbanMatrix Technologies, an Indian drone tech startup, has secured Rs 6 crore in a Pre-series A funding round led by Inflection Point Ventures. The funds will be used for product development, team expansion, and entering new markets. UrbanMatrix develops industrial drones and software for various applications like survey, agriculture, and defense. It offers advanced encryption and cloud integration for data safety. The startup has partnerships with ISRO and holds certifications from DGCA. The drone industry is expected to grow exponentially, with a market size projected to reach $180 billion by 2030.

Minifeel raises INR 3 crore in pre-seed round led by 100X.VC

Startup News FYI

Startup News FYI · 2y ago

Minifeel raises INR 3 crore in pre-seed round led by 100X.VC

MiniFeel, a startup, secures INR 3 crore in a pre-seed funding round led by 100X VC, as reported on July 25, 2023. The investment will support the company's early-stage development and growth.

RenalProject revolutionizing the availability of dialysis therapy raises funding from JITO Angel Network

IndianStartupNews

IndianStartupNews · 2y ago

RenalProject revolutionizing the availability of dialysis therapy raises funding from JITO Angel Network

Mumbai-based healthcare startup RenalProject has secured funding in a pre-Seed round led by JITO Angel Network. The startup aims to enhance the accessibility of dialysis therapy in tier 2 and 3 cities in India by setting up micro-centers for dialysis. The funding will be utilized to expand the tech infrastructure and implement pipeline projects. RenalProject focuses on providing sustained dialysis therapy to minimize travel risks and ensure accessible dialysis for all in need.

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