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.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Real Estate

01 Dec 2025

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Infrastructure Energy

03 Dec 2025

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..