Funding · Mobility & Logistics

Garuda Aerospace raises $1M from Narotam Sekhsaria Family Office

By Startup Enthusiast · 11 June 2025

What they do

Garuda Aerospace makes over 30 types of drones and offers 50+ drone-related services

It raised $1M as part of its ongoing Series B round at a $250M valuation

The company plans to scale manufacturing and expand exports to 50 countries by end of 2025

Garuda Aerospace raised $1M from Narotam Sekhsaria Family Office and existing investor We Founder Circle.
The round is part of its ongoing Series B funding.
The company is valued at $250M.
Previous Series B tranche of $12M (₹100 crore) was led by Venture Catalysts in April 2025.
Total raised so far is about $21M (founder claim) or $51.9M (Tracxn data).
Cricket star MS Dhoni has been a brand ambassador and equity investor since 2022.
The company plans an IPO in the future.

India's drone market is expected to be worth $1.8B by 2026.
Garuda Aerospace holds DGCA certifications for its drones.
The company has been profitable for the last four years.
It served as a COVID-19 sanitization drone operator and runs Kisan Drones for precision agriculture.

Garuda Aerospace makes 30+ types of drones and offers 50+ drone-related services.
Services include drone-as-a-service (DaaS), pilot training, precision agritech, industrial inspections, infrastructure monitoring, and defence systems.
Revenue comes from drone product sales, drone services, and training services.
70% of revenue comes from agriculture.
It operates a fleet of 400 drones with 500 pilots across 84 cities.
It has sold 4,000+ drones and served 750+ clients (or 400+ per some sources).
Revenue for FY25 was ₹123 crore, up from ₹109 crore in FY24.
Revenue for FY24 was ₹110 crore with a net profit of ₹16 crore.
Clients include Tatas, Adani, Reliance, Swiggy, Flipkart, Delhivery, L&T, Indian Army, NTPC, and government agencies.
Partners include HAL, BEML, Thales, Elbit Systems, Lockheed Martin, and Cognizant.

Scale manufacturing from 8,000 to 12,000-15,000 drones annually, with a long-term target of 50,000.
Accelerate R&D to indigenise airborne and ground defence drone systems in 3-5 years.
Expand exports to 50 countries by end of 2025.
Improve autonomous flight systems, after-sales service, and AI/ML capabilities.
Plan an IPO.

Narotam Sekhsaria Family Office (lead) — Family office of Narotam Sekhsaria, co-founder of Gujarat Ambuja Exports.
We Founder Circle (existing) — An existing investor in 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