Garuda Gets New Funding Ahead of Planned IPO

13 Jun 2025 CW Team

This strategic infusion of capital comes as Garuda Aerospace rides a wave of defence-tech investments and rising demand for drones, particularly following its high-impact 'Operation Sindoor Defence Drone Surge'. The funds will be channelled into expanding the company’s manufacturing capacity from 8,000 drones a year to between 12,000 and 15,000 annually, with a longer-term goal of producing 50,000 drones per year.

A key part of the company’s growth strategy includes accelerating research and development to fully indigenise both airborne and ground-based defence drone systems within the next three to five years. Garuda Aerospace also aims to expand its export footprint to 50 countries by 2025, strengthening its global presence.

Agnishwar Jayaprakash, Founder and CEO of Garuda Aerospace, commented, “We are delighted to welcome the Narotam Sekhsaria Family Office as a strategic investor. Their support reinforces our mission to build a world-class drone technology company from India. This investment will fuel our next phase of innovation, national contribution, and global outreach.”

The recent Indo-Pak conflict has highlighted the strategic necessity of indigenous drone capabilities, positioning Garuda at the heart of India’s evolving defence-tech landscape. Initially recognised for its agricultural drones, the company has swiftly diversified into high-end surveillance, monitoring, and logistics drones tailored for defence applications.

To date, Garuda Aerospace has sold over 4,000 drones and served more than 400 clients. Its impressive partner portfolio includes collaborations with international defence and technology majors such as Thales, Elbit Systems, Lockheed Martin, and Cognizant. In India, the company works closely with Defence PSUs like HAL and BEML, and has also led notable initiatives like the “Namo Drone Didi” programme aimed at rural empowerment.

With deep sectoral expertise, an expanding product line, strong investor support, and robust operational capabilities, Garuda Aerospace is now firmly positioned as a leader in India’s drone ecosystem. As it prepares for its public listing, the company is poised to deliver on its vision of becoming a global drone-tech powerhouse while bolstering India’s defence self-reliance.

Garuda Aerospace, one of India’s leading drone manufacturers, has received fresh investment from the Narotam Sekhsaria Family Office (NSFO), reinforcing its position ahead of a planned Initial Public Offering (IPO). The latest funding round also drew strong participation from existing investors, including We Founder Circle (WFC), and follows the company’s Rs 1 billion (approx. USD 12 million) Series B round led by Venture Catalysts.This strategic infusion of capital comes as Garuda Aerospace rides a wave of defence-tech investments and rising demand for drones, particularly following its high-impact 'Operation Sindoor Defence Drone Surge'. The funds will be channelled into expanding the company’s manufacturing capacity from 8,000 drones a year to between 12,000 and 15,000 annually, with a longer-term goal of producing 50,000 drones per year.A key part of the company’s growth strategy includes accelerating research and development to fully indigenise both airborne and ground-based defence drone systems within the next three to five years. Garuda Aerospace also aims to expand its export footprint to 50 countries by 2025, strengthening its global presence.Agnishwar Jayaprakash, Founder and CEO of Garuda Aerospace, commented, “We are delighted to welcome the Narotam Sekhsaria Family Office as a strategic investor. Their support reinforces our mission to build a world-class drone technology company from India. This investment will fuel our next phase of innovation, national contribution, and global outreach.”The recent Indo-Pak conflict has highlighted the strategic necessity of indigenous drone capabilities, positioning Garuda at the heart of India’s evolving defence-tech landscape. Initially recognised for its agricultural drones, the company has swiftly diversified into high-end surveillance, monitoring, and logistics drones tailored for defence applications.To date, Garuda Aerospace has sold over 4,000 drones and served more than 400 clients. Its impressive partner portfolio includes collaborations with international defence and technology majors such as Thales, Elbit Systems, Lockheed Martin, and Cognizant. In India, the company works closely with Defence PSUs like HAL and BEML, and has also led notable initiatives like the “Namo Drone Didi” programme aimed at rural empowerment.With deep sectoral expertise, an expanding product line, strong investor support, and robust operational capabilities, Garuda Aerospace is now firmly positioned as a leader in India’s drone ecosystem. As it prepares for its public listing, the company is poised to deliver on its vision of becoming a global drone-tech powerhouse while bolstering India’s defence self-reliance.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..