June 11, 2025: Garuda Aerospace has raised an additional $1 million in its ongoing Series B round, to augment its production capacity and expansion plans. According to the firm this fresh round of capital will help upgrade the production capacity of drones from 8,000 to 12,000–15,000 per year, further achieve its goal of manufacturing 50,000 units.
The investment will further advance its research and development towards fully indigenising airborne and ground defence drone systems over the next 3–5 years.
Agnishwar Jayaprakash, Founder and CEO of Garuda Aerospace, said, “This investment powers our next phase of growth, focused on innovation, national service, and global scale.” Also, Narotam Sekhsaria Family Office has onboarded Garuda as a strategic investor.
Founded in 2015, Garuda Aerospace specialises on precision agritech and Industry 4.0 applications. It develops and customises unmanned aerial vehicles, focusing on reducing manual labour in agricultural processes.
The Chennai-based startup operates a fleet of over 400 drones with 500 pilots across 84 cities, manufactures 30 types of drones, offers 50 different services, and claims to have served more than 750 clients.
Garuda Aerospace to Boost Drone Production to 50,000 and Defence R&D
Garuda which has set eyes on an initial public offering, operates a business model that includes drone manufacturing, drone-as-a-service offerings, and pilot training. It serves a range of clients, such as government agencies, agricultural businesses, infrastructure firms, and defence organisations, providing customised drone solutions.
For the fiscal year ending March 2025, the company claims to have clocked revenue of Rs 123 crore, compared to Rs 109 crore in the year prior, according to the Garuda chief. The drone startup has raised a total funding of $51.9 million, according to Tracxn. Garuda Aerospace plans to increase its exports to 50 countries by 2025.
The latest capital infusion with new investment from Narotam Sekhsaria Family Office and existing backer We Founder Circle, follows a Series B funding of around $12 million (Rs 100 crore) led by Venture Catalysts, which the Chennai-based firm raised a few months ago at a valuation of $250 million.
