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Garuda Aerospace raises $22 mn, largest funding in Indian drone sector
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TIWN
![Garuda Aerospace raises $22 mn, largest funding in Indian drone sector Garuda Aerospace raises $22 mn, largest funding in Indian drone sector](https://tripurainfoway.com/viewimage.php?src=https://tripurainfoway.com/news_pic/2023/1-1676273667.png&w=567)
PHOTO : TIWN
New Delhi, Feb 13 : Drone startup Garuda Aerospace on Monday said it has raised $22 million which is touted as the largest-ever Series A funding in the drone sector.
Venture capital firm SphitiCap invested $12 mn along with participation from other global investors, angel investors and high networth individuals (HNIs) at $5 million. Another $5 million from an infra-development company, a group of HNI and angel investors from India, the UAE and Singapore was earlier secured by the drone startup.
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