Garuda Aerospace raises INR 1B Series B at USD 250M valuation
Garuda Aerospace raised INR 1 billion in Series B funding from Venture Catalysts at a USD 250 million valuation.
Why it matters
The company completed a private financing round with source-backed terms.
Evidence notes
- Venture Catalysts supplied the INR 1 billion Series B financing.
- Contemporaneous Indian business reporting states a USD 250 million valuation.
- No USD conversion is invented for the INR-denominated round, and no pre-/post-money basis is inferred.
Company context
Garuda Aerospace develops, manufactures and operates drones across agriculture, infrastructure, mapping, delivery and public-sector missions. Founded in Chennai in 2015, the company combines aircraft, pilot networks, training, data services and drone-as-a-service delivery across India and international markets. Its scale strategy uses franchise and operator networks to deploy spraying, inspection and survey capacity close to customers.