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Funding · Mobility & Logistics

MS Dhoni invests in Garuda Aerospace

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Date
Company
Garuda Aerospace
What it does
Drone-as-a-service startup
Kind
Funding
Amount
Undisclosed
Founded
2015
Sector
Mobility & Logistics

What they do

Garuda Aerospace designs, manufactures and customises drones for deliveries, disaster management and agriculture

What happened

Cricket star MS Dhoni has invested an undisclosed amount and joined the company's cap table

Why it matters

The startup deploys 300 drones and 500 pilots across 26 cities and is among four drone startups selected by Swiggy for a pilot project

The details

  • Cricket star MS Dhoni has invested an undisclosed amount in Garuda Aerospace.
  • Dhoni has joined the company's cap table as a stakeholder.
  • The investment was announced on June 6, 2022.
  • Garuda Aerospace is a drone-as-a-service (DaaS) startup.
  • It designs, manufactures and customises drones for deliveries, disaster management and agricultural applications.
  • The startup is engaged with the Survey of India, NHAI and Indian Oil Corporation on long-term projects.
  • It deploys 300 drones and 500 pilots across 26 cities.

The bigger picture

  • Dhoni has previously invested in startups such as HomeLane, Khatabook, Cars24, 7InkBrews, Copter7 and Run Adams.
  • Garuda Aerospace is among four drone startups selected by Swiggy for a pilot project with its Instamart grocery delivery service.
  • Founder Jayaprakash said the enterprise is on its way to become India's first drone unicorn.

About the business

  • Garuda Aerospace designs, manufactures and customises drones for deliveries, disaster management and agricultural applications.
  • It operates on a drone-as-a-service (DaaS) model.
  • The startup is engaged with the Survey of India, NHAI and Indian Oil Corporation on long-term projects.
  • It deploys 300 drones and 500 pilots across 26 cities.
  • It is among four drone startups selected by Swiggy for a pilot project with Instamart grocery delivery.

What happens next

  • Founder Jayaprakash said the enterprise is on its way to become India's first drone unicorn.

The deal

Type
funding

Investors

  • MS Dhoni (investor) — Cricket star and former Indian captain; has invested in several startups including HomeLane, Khatabook, Cars24, 7InkBrews, Copter7 and Run Adams.

Founders

  • Jayaprakash, founder

About Garuda Aerospace

Product
Manufacturing and development of autonomous drones for agriculture, defense, and material handling; proprietary drone OS and R&D capabilities
Customers
Government agencies, defense sector, agricultural stakeholders, logistics operators in India and international markets
How it makes money
Direct sales of drones, software licensing, and training services for government and enterprise customers
What sets it apart
Proprietary defense-grade drone technology with presence in 50 countries; demonstrated capabilities for flood relief and disaster management

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