Indian drone start-up Garuda Aerospace raises $22m
Recently established Indian VC firm SphitiCap has led a USD 22m Series A round for Garuda Aerospace, a local industrial drone maker and related services provider.
SphitiCap, which launched its debut fund last October with a target of 500m, put in USD 12m. The balance was provided by undisclosed investors, including angels and some overseas investors. The deal...
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