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Garuda Aerospace secures Rs 25 cr in bridge round

The Business Guardian

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October 26, 2023

In order to meet its working capital needs, drone maker Garuda Aerospace announced on Wednesday that it has secured Rs 25 crore in funding from a new bridge round headed by integrated incubator Venture Catalysts, WeFounderCircle.

Garuda Aerospace secures Rs 25 cr in bridge round

Other investors, such as Hems Angels, San Angels, Peaceful Progress Funds, and a few angel investors, also pledged to participate in the new capital raising round. “This fresh capital infusion will play a crucial role in accelerating our growth and enhancing our capabilities to meet the escalating market demand,” said Garuda Aerospace Founder-CEO Agnishwar Jayaprakash.

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