Dhoni Backed Indian Drone Startup Garuda Aerospace Raises ₹25 Crore in Funding Round Led by Venture Catalysts

Garuda Aerospace, a famous Indian drone startup, backed up by the cricket legend and former Indian cricket team captain MS Dhoni, has successfully raised 25 crore Rs in a funding round led by Venture Catalysts. Venture Catalysts is India's first integrated incubator and a prominent investor in early stage startups. Moreover, WeFounderCircle also played a significant role in leading the funding round. Other prominent investors such as Hems Angels, San Angels, Peaceful Progress Funds, and many more also took part in the funding.

Agnishwar Jayprakash, the Founder and CEO of Garuda Aerospace, commented, "We are extremely excited and grateful for the tremendous support we've received from our investors and the investment community. This new injection of capital will be instrumental in speeding up our expansion and improving our capabilities to meet the increasing market demand. With the ongoing support of respected investors and the endorsement of MS Dhoni, we have a strong belief in our mission to bring innovation to the drone technology industry in India."

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"We're thrilled to take the lead in this Series A extension for Garuda Aerospace, a forward-thinking company that is reshaping the drone technology landscape in India. Garuda's unwavering dedication to providing cutting-edge drone solutions and their substantial market share in the Precision Agri Drone sector highlight their potential for substantial growth. We are confident that this investment will not only bolster Garuda's position as an industry leader but also transform the way drones are applied across various sectors, ultimately benefiting India's tech ecosystem and agriculture industry," commented Dr. Apoorva Ranjan Sharma, who serves as the Founder and Managing Director at Venture Catalysts.

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The funds augmented in this bridge round will prominently be used to fulfill the demands of farmers for more drone solutions in the agriculture sector. Garuda Aerospace is planning to devote the raised funds in the working capital requirements, making sure of the perfect execution of the IFFCO drone order, and delivering the pre-booked drone orders from various dealers all around the country.

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