PE-VC Fund Investments
Defence-tech startup CoreEL raises $30-M led by ValueQuest
Bengaluru-based CoreEL Technologies has raised USD 30 million in a Series B funding round led by ValueQuest Scale Fund, with participation from existing investor 360 One Asset.CoreEL Technologies develops and manufactures advanced electronic systems and subsystem-level products for strategic applications in radar, electronic warfare, avionics, and military communications segments. Its customers include the Defence Research and Development Organisation (DRDO), defence public sector undertakings, and the Ministry of Defence.The fresh funds will be used to scale manufacturing capacity, strengthen research and development, advance product engineering, and support its involvement in aerospace and defence programs both in India and internationally.
In Nov-23, CoreEL Technologies had attracted about USD 16 M from 360 ONE .For FY25, CoreEl technologies had reported about INR 326.58 Cr in Operating Income and about INR 52.33 Cr in PAT
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