PE-VC Fund Investments
Defence-tech co. Samtel Avionics attracts Rs.75-Cr from True North Private Credit
Samtel Avionics , a Gurugram-based defence technology company, has attracted INR 75 crore in growth funding from True North Private Credit. The company also has the option to raise an additional INR 140 crore from the investor as it scales.The new funds will be deployed to accelerate the company’s R&D, expand manufacturing capacity and drive adoption of its technologies across sectors such as defence, aerospace, railways, satellites and unmanned systems.
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