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Venture Catalysts and 1Crowd back Nautical Wings Aerospace

EntrackrEntrackr ยท 10m ago
Venture Catalysts and 1Crowd back Nautical Wings Aerospace
Medial

Nautical Wings Aerospace, an electric propulsion technology for the aviation industry, has raised its pre-Series A round from Venture Catalysts and 1Crowd for an undisclosed amount. The proceeds will be used to ramp up its R&D efforts, expand the team of expert engineers, and help scale its operations to meet the growing global demand for electric propulsion solutions in aviation. Founded in 2020 by Shiv Varun Singh Rajput, Praveen T, and Vikas Kamath, Nautical Wings Aerospace develops tailored propulsion solutions for OEMs on a global scale. Its upcoming flagship product, the Integrated Electric Propulsion Unit (iEPU), is a turnkey solution designed to simplify adoption for drone manufacturers and air mobility companies. The companyโ€™s B2B model, providing enterprise hardware technology to aircraft OEMs, According to market research, the electric aircraft propulsion market is anticipated to grow at a CAGR of 15.3% from $6.5 billion in 2022 to $20.3 billion by 2030, presenting a significant opportunity for Nautical Wings Aerospace. The iEPU being developed by Nautical Wings Aerospace features a plug-and-play design for easy integration across various aircraft, catering to the specific needs of each client. This versatile system simplifies adoption for drone manufacturers and air mobility companies, streamlining development and speeding up time-to-market.

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

EntrackrEntrackr ยท 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 Aerospaceโ€™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.

QSR brand Pizza Wings raises $2.8 Mn to expand across India

EntrackrEntrackr ยท 3m ago
QSR brand Pizza Wings raises $2.8 Mn to expand across India
Medial

Snippets QSR brand Pizza Wings raises $2.8 Mn to expand across India. Quick-service restaurant (QSR) brand Pizza Wings has secured $2.8 million in a fresh funding round from marquee investors, including Gruhasโ€”the investment arm of Nikhil Kamath and Abhijeet Pai, Udaan co-founder Sujeet Kumar, and other strategic investors. The fresh funds will be used for expansion plans across Northern and North-Eastern India and to lay the foundation for long-term growth, Pizza Wings said in a press release. Pizza Wings is a homegrown QSR brand that combines international quality standards with Indian taste preferences. The company maintains strict quality control through cold fermentation processes, FSSAI-compliant procedures, and certified ingredients. Their menu features customizable options that cater to diverse regional tastes, developed by an experienced team of chefs. Co-founded in 2014 by Aditya Dhanda, Rajpal Sangwan, and Vikas Nain, Pizza Wings aims to add 50 new stores, scaling its footprint to 100 outlets by the end of 2025, further strengthening its presence in emerging urban centers. To support its growth, the brand is also reinforcing its corporate structure with strategic hires across finance, logistics, and marketing. Pizza Wings states that it continues to drive innovation with its proprietary rider and store management applications, enabling greater operational efficiency and reducing reliance on third-party aggregators. By fostering direct customer relationships, the brand is strengthening its market presence, amassing more than 500,000 app downloads and leading in sales in multiple cities.

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