Garuda Aerospace Bags $11 Mn In Series B Round

Garuda Aerospace Secures ₹100 Crore in Series B Funding, Eyes Global Drone Leadership

Garuda Aerospace, a leading Chennai-based drone manufacturer, has raised ₹100 crore in a major Series B funding round, catapulting its valuation to $250 million. The investment, spearheaded by Venture Catalysts (Vcats++), comes at a crucial juncture as India’s drone industry surges forward with strong policy backing and technological advancements. The funding will be strategically deployed to enhance Garuda’s manufacturing capacity, develop adva…

Garuda Aerospace, an Indian drone firm, receives $11 million in series B funding

Venture Catalysts led a series B fundraising round that secured 100 crore rupees (US$11 million) for Chennai-based drone technology firm Garuda Aerospace. Investors that were not identified also participated in the round. According to the corporation, the cash was obtained at a post-money valuation of $250 million USD. The money will be used by Garuda Aerospace to improve research and development activities and grow its production facilities. Ga…

Garuda Aerospace Bags $11 Mn In Series B Round

Chennai-based dronetech startup Garuda Aerospace has secured INR 100 Cr (about $11 Mn) in a Series B funding round led by Venture Catalysts, along with a host of other undisclosed investors. The startup claims to have raised the funding at a post-money valuation of $250 Mn. It seems that the startup has raised the new round at a flat valuation since it was valued the same back in 2023 as well. Back then, the startup also claimed that it has plan…

Garuda Aerospace Secures INR 100 Crore at $250M Valuation

Garuda Aerospace, India’s most valuable drone startup, has successfully raised INR 100 crores in its Series B funding round from Venture Catalysts (VCAT) at a valuation of $250 million. This strategic infusion of capital marks a major milestone in Garuda Aerospace’s mission to bolster indigenous drone manufacturing and innovation. The fresh funds will significantly enhance the company’s capabilities in producing drone systems. The funds will als…