Drone startup Garuda Aerospace secures Rs 100 crore funding from Venture Catalysts at $250 million valuation

Garuda Aerospace, backed by MS Dhoni, has raised Rs 100 crore in series B funding at a $250 million valuation. The funds will boost drone manufacturing, R&D in defence drones, and IP expansion. Operating 400 drones across 84 cities, the firm reported Rs 110.8 crore revenue and Rs 15.8 crore profit in FY24.