MS Dhoni raised Rs 25 crore in a fresh bridge funding round for drone startup Garuda Aerospace
The leading drone company in India, Garuda Aerospace, has the endorsement of former Indian cricket captain Mahendra Singh Dhoni, who secured Rs 25 crore in a recent bridge funding round. This funding, spearheaded by Venture Catalyst, a premier incubator and early-stage investor, in collaboration with our founder circle, marks an important moment in the trajectory of the growth of the company.
It is to be noted that this round also witnessed substantial contributions from investors like gem angels, Sab angels, peaceful progress funds, and several distinguished angel investors. The founder and CEO of Garuda Aerospace, Agnishwar Jayaprakash, expressed his sincere appreciation and said that this capital infusion will help accelerate their expansion and enhance their ability to meet the surging market demand.
Agnishwar said, “With the continued trust of prominent investors and the endorsement of MS Dhoni Garuda Aerospace, it is resolute in its mission to revolutionize the drone technology sector in India.
Apurva Ranjan Sharma, who is the founder and managing director of Venture Catalyst, also praised Garuda Aerospace's innovative approach to transforming the technology landscape in India.