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Funding

Zuppa plans equity raise of up to $10 million

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Zuppa logo
Date
Company
Zuppa
What it does
Defence drone maker
Kind
Funding
Amount
Up to $10 million
Stage
Planned equity round
Based in
Chennai
Founded
2008

What they do

Zuppa is preparing an equity round of up to $10 million to grow its technology centre and engineering team

What happened

It is in talks with strategic partners and foreign private investors, and expects to close by next quarter

Why it matters

Part of the money will widen its reach in India, the Middle East and North Africa, and Europe

The details

  • The target is up to $10 million in equity.
  • Talks are with strategic partners and foreign private investors.
  • Close is expected within the next quarter.
  • Funds also go to a bigger engineering team and wider markets.

About Zuppa

Product
Cyber-secure drones, autopilots, and autonomous navigation systems
Customers
The Indian Armed Forces, defense agencies, and commercial enterprises requiring secure unmanned systems
How it makes money
Designs, manufactures, and sells indigenous cyber-secure drones, autopilot hardware, and navigation software
What sets it apart
Offers entirely homegrown, cyber-secure autopilot and navigation systems that operate without Chinese parts and function in GPS-denied environments

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