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Drone startup Aereo raises $15 Mn in Series B

EntrackrEntrackr · 12m ago
Drone startup Aereo raises $15 Mn in Series B
Medial

Commercial drone solutions startup Aereo has secured $15 million in a Series B funding round led by 360 ONE Asset. The round also witnessed participation from its existing investors StartupXseed Ventures and Navam Capital. The company had previously raised $6.44 million at post money valuation of $25.5 million from GrowX Ventures, Startupxseed Ventures, Anicut Capital and others. The fresh funds will be used to expand its aerial intelligence solutions for capital asset management, Aereo said in a press release. Co-founded in 2013 by Vipul Singh and Suhas Banshiwala, Aereo serves in the B2B space in the high tech, aerospace, maritime and defense tech market segments. According to Aereo, it has been a partner for Coal India Limited’s Digicoal initiative, and provides critical business intelligence for some of the world’s largest coal mines for improving productivity. It has also been collaborating with Tata Steel since 2019, aiding the digitalisation of over 27 critical mines and stockyards. The Bengaluru-based company claims that it has mapped over 45,000 villages under the SVAMITVA scheme and covered more than 50,000 sq. km of land area for the Digital India Land Record Modernization Program (DILRMP). The other notable players in this space are Skylark Drones, IdeaForge, Garuda Aerospace, DroneAcharya Aerial, Dhaksha Unmanned Systems and others.

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Aereo raises $1.8 Mn more in Series B

EntrackrEntrackr · 9m ago
Aereo raises $1.8 Mn more in Series B
Medial

Aerial intelligence platform Aereo has picked up $1.8 million as part of its Series B funding round led by JSW Ventures. Aereo had previously secured $15 million in the same funding round led by 360 ONE Asset along with participation from its existing investors StartupXseed Ventures and Navam Capital in July this year. The fresh funds will be utilized to strengthen its position in providing innovative commercial drone solutions and accelerating its growth into international markets, Aereo said in a press release. Co-founded in 2013 by Vipul Singh and Suhas Banshiwala, Aereo leverages advanced drone technology and AI-driven data analytics to enhance asset management in sectors such as mining, infrastructure, urban and rural development, and land records. The company’s comprehensive offerings include inventory assessments, quality inspections, and land record digitization. The Bengaluru-based company claims to have executed large-scale government projects, mapping over 45,000 villages under the SVAMITVA scheme and covering more than 50,000 square kilometers for the Digital India Land Record Modernization Program (DILRMP). It also claims to have achieved profitability at the EBITDA level. Aereo focuses on intellectual property, with 15 patents filed that cover advancements in drone hardware, design, and predictive flight planning technologies. It may directly or indirectly compete with the other companies in this space such as Skylark Drones, IdeaForge, Garuda Aerospace, DroneAcharya Aerial, Dhaksha Unmanned Systems and others.

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.

Drone startup Vayudh raises $10 Mn led by Dharana Capital

EntrackrEntrackr · 2m ago
Drone startup Vayudh raises $10 Mn led by Dharana Capital
Medial

Drone startup Vayudh raises $10 Mn led by Dharana Capital Defence technology startup Vayudh has raised $10 million in a new round led by Dharana Capital. The round also saw participation from Deepinder Goyal (founder of Zomato), Ajay Aggarwal (MD, Action TESA), Sumit Jalan, LetsVenture, and Navam Capital. Florintree Advisors had invested in Vayudh earlier. The proceeds will be used to strengthen research, grow manufacturing capacity, and speed up deployments for Indian defence forces. Founded in 2016 by Tanmay Bunkar, Anuj Barnwal, and Sarita Ahlawat, Vayudh develops drone platforms for battlefield intelligence, surveillance, and reconnaissance. The startup has worked on swarm drone technology and logged over 300,000 autonomous flying hours. In 2023, it received the iDEX Grant to develop India’s smallest surveillance drone. Vayudh recently launched Atri, a nano surveillance drone. Vayudh builds and tests its drones in India and focuses on UAVs for defence and security.

Defense tech startup Zebu raises $1 Mn in pre-Series A round

EntrackrEntrackr · 2m ago
Defense tech startup Zebu raises $1 Mn in pre-Series A round
Medial

Defense-tech startup Zebu has raised $1 million in a pre-Series A financing round led by Bluehill VC. The proceeds will be used to accelerate four of its mission-critical drones from prototype to battlefield deployment, supporting India’s defense modernization and strengthening indigenous military capabilities, Zebu said in a press release. Launched in 2021 by Santosh Balajee Banisetty, Zebu is a defense-tech startup that develops mission-ready counter-drone systems for armed forces globally. The startup has introduced four products for the Indian armed forces, including a hostile drone-neutralizing IAF Net Drone with a six-cartridge system, a sea-surface combat and rescue drone for the Indian Coast Guard, a swarm-enabled offensive combat drone for the IAF, and a tethered surveillance drone for Army border patrols. According to market research, the global counter-drone market is expected to reach $11 billion by 2030. The Hyderabad-based company stated that the IAF Net Capture Drone—a sky sentinel capable of trapping hostile drones mid-air like a futuristic spiderweb—has evolved from a skeletal model to radar integration over the last six months and is now approaching military-grade certification milestones. It is also in advanced talks with a top defense manufacturer to supply its drones. Zebu is building an Anti-Drone Swarm System for the Air Force, featuring rapid-fire pneumatic launchers and set for operational readiness by late 2025. It is designed to overwhelm enemy drones with coordinated strikes. The Army’s 24x7 “Eye in the Sky,” the Tethered Surveillance Drone, could see mass deployment by mid-2025, offering uninterrupted border monitoring and already approved by multiple regiments. Beyond government contracts, Zebu is expanding into commercial markets by adapting its military-grade technology for enterprise use. It claims that its proprietary Ground Control Station (GCS) is attracting strong interest from private OEMs across India, the U.S., and Southeast Asia.

Dronetech startup Zuppa raises $1.5 Mn in bridge round

EntrackrEntrackr · 23h ago
Dronetech startup Zuppa raises $1.5 Mn in bridge round
Medial

Dronetech startup Zuppa raises $1.5 Mn in bridge round Zuppa, a Chennai-based deep-tech startup focused on autonomous drone systems, has raised $1.5 million in a bridge funding round led by entrepreneur Rahul Dewan (founder of Srijan Technologies) with participation from Ajay Gupta (Capital Foods) and the Mangwani Family Office (ex-Aquapharm Chemicals). The round brings both capital and high-impact entrepreneurial backing to the company. The new funds will be used to strengthen Zuppa’s R&D and deepen its presence in defence and dual-use drone technologies. Founded by aerospace engineers, Zuppa builds fully indigenous drone intelligence platforms including flight control systems, vision guidance, secure cyber-physical stacks, and AI-based targeting. These systems are designed to operate independently of GPS and high-bandwidth internet, enabling performance in complex and remote environments. The firm claims to have built a high-barrier entry position in the defence drone segment and is already involved in post-Operation Sindoor deployments where Indian drone tech was found lacking. With deployments already underway and a patent-backed IP stack, Zuppa is also collaborating with academic institutions and government bodies to influence national drone policy and standards.

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