Drone-tech startup UrbanMatrix attracts Rs.6-Cr from IVP

Bengaluru-based drone technology startup UrbanMatrix has raised INR 6 crore in a pre-Series A round led by Inflection Point Ventures. The fresh capital will be used for product development and team expansion. UrbanMatrix, founded in 2019 by IIT graduates Rishabh Verma, Ashutosh Kumar, Divyanshu Pundir and Ajay Karthik, has formed partnerships with the Indian Space Research Organisation (ISR), Paras Aerospace, and ATV.