Garuda Aerospace raises $10M pre-IPO round
By Abha Lohia ·
- Garuda Aerospace is a Chennai company that builds and operates drones for farming, surveillance and other commercial uses
- It collected about $10 million, roughly ₹96 crore, from the Motherson family office and Dubai-based Aditum Investment Group
- The money values the firm at $320 million before the cash came in, and a stock market listing is planned for early 2027
What happened
- Garuda Aerospace raised about $10 million (₹96 crore).
- The round was led by the Motherson family office and Aditum Investment Group of Dubai.
- The pre-money valuation (value before new cash) is $320 million.
Why it matters
- The raise comes ahead of a planned IPO (public share sale) in the first quarter of 2027.
- Regulator comments on the confidential draft filing came in on 5 August, so the listing process can go on.
The business
- Chennai-based drone technology company.
Who put in money
- Motherson family office lead
- Aditum Investment Group lead — Dubai-based
What happens next
- Targets listing in Q1 2027.
Terms in this story
- Family office: A family office is a private company that manages the wealth of one wealthy family, or a few families together. In startups, family offices invest directly in companies and also back venture funds as limited partners.
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