Drone maker Garuda raises Rs.25-Cr led by Venture Catalysts, WeFounderCircle

Chennai-based drone manufacturer Garuda Aerospace has raised INR 25 crore in a fresh bridge round of funding led by Venture Catalysts and WeFounderCircle. The funding round also witnessed commitments from Hems Angels, San Angels, Peaceful Progress Funds, and several angel investors. The company will use the funds for working capital requirements, for ensuring the execution of the IFFCO drone order, and for fulfilling the pre-booked orders from numerous dealers across the country.