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VCs chase drone, defence tech cos
The Morning Standard
|May 15, 2025
Sector seeing entry of deep tech, IP heavy start-ups building hi-tech solutions
THE India-Pakistan conflict has now put the focus on the country's defence tech and drone start-ups. Venture Capitalists are showing growing interest to invest in these companies.
As per Tracxn data, total equity funding raised by drone start-ups in India is $414 million so far and there are 487 such start-ups in the country, which include ideaForge, Zen Technologies, Drone Acharya, Garuda Aerospace and Marut Drones, among others.
Out of these, 132 start-ups are funded, with 28 having secured Series A+ funding. Many of these drones are used for civilian applications and infrastructure inspection. Start-ups such as ideaForge are into dual-use categories -- civil and defence.
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