PE-VC Fund Investments
Drone maker Garuda Aerospace raises $1-M from Narotam Sekhsaria Family
Chennai-based drone startup Garuda Aerospace , backed by former Indian cricket team captain Mahendra Singh Dhoni, has raised USD 1 million from the Narotam Sekhsaria Family Office (NSFO). The round also saw participation from existing investors, including WFC (We Founder Circle).The funds will be used for scaling up manufacturing capacity from the current 8,000 drones annually to between 12,000 and 15,000 units. The firm will also invest in accelerating research and development (R&D) efforts and expand its export presence to 50 countries by the year-end.Founded in 2015, the company manufactures more than 30 types of drones and offers services such as drone-as-a-service (DaaS) and pilot training. The company operates a fleet of 400 drones and 500 pilots across 84 cities. It claims to have served over 750 clients, including the Tatas, Adani, Reliance, Swiggy, Flipkart, Delhivery and L&T, as well as government agencies.
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