Garuda Aerospace Raises $1M to Power Drone Expansion & Global Growth

Introduction:

Garuda Aerospace, one of India’s leading drone startups, has once again made headlines with a fresh $1 million funding infusion from the Narotam Sekhsaria Family Office. This new capital injection, following its $12 million raise in April 2025, further solidifies its position as a dominant force in the drone tech sector. With total funding reaching $21 million, Garuda is set to enhance production, invest in R&D, and expand internationally. Here’s a closer look at the company’s trajectory, business focus, and what this means for the industry.

A) Funding Highlights

1. Latest Funding (June 2025): $1 million

2. Lead Investor: Narotam Sekhsaria Family Office

3. Other Participants: Existing investors, including We Founder Circle (WFC)

4. Previous Round: Raised $12 million in April 2025

5. Total Funding Till Date: $21 million

B) Use of Funds

1. Manufacturing Expansion: Scale production from 8,000 to 12,000–15,000 drones annually

2. R&D Investment: Fuel innovation and develop new drone technologies

3. Export Plans: Target to operate in 50 countries by end of 2025

C) Company Overview

• Founded: 2015

• Headquarters: Chennai, India

• Founder & CEO: Agnishwar Jayaprakash

• Product Portfolio: 30+ drone models

• Operational Scale: 400 drones and over 500 trained pilots

• Clientele: Over 75 marquee clients including Tata, Adani, Reliance, Swiggy, Flipkart, Delhivery, L&T, and various government bodies

D) Revenue Model

Garuda operates on a dual revenue stream:

1. Drone Product Sales: Customized industrial and agri drones

2. Drone-as-a-Service (DAAS): On-demand drone services and pilot training programs

E) Business Focus

• Agriculture: Currently contributes ~70% of the company's revenue

• Defense & Government Contracts: Growing vertical with upcoming domestic and international opportunities

F) Financial Snapshot

• FY24 Revenue: ₹132 crore

• Net Profit: ₹20 crore

• Profitability: The company has maintained profitability over the past few years

🔍 UnlistedZone Takeaway:

Garuda Aerospace is more than just a drone maker; it’s an innovation-driven enterprise with a strong commercial footprint across agriculture, logistics, and defense. The back-to-back funding rounds in 2025 highlight investor confidence in Garuda's tech-first, scalable model. With an ambitious export roadmap and consistent profitability, the company is well-positioned to become a global drone leader.

Verdict: A high-potential private player to watch in India's growing drone economy. Stay tuned with UnlistedZone for exclusive updates on Garuda's journey toward potential IPO or next strategic milestone.