3 days ago
Sanlayan raises Rs186 crore from investors including Ashish Kacholia, Lashit Sanghvi and Jungle Ventures
Mumbai:
Sanlayan Technologies
, an aerospace and defence firm, has raised Rs186 crore in its latest round of
Series A funding
led by investors
Ashish Kacholia
, Lashit Sanghvi and
Jungle Ventures
, with participation from existing investors Gemba Capital, Singularity Ventures, and new investor Shastra VC.
Previously, Sanlayan raised Rs36 crore in March 2024 in a transaction led by Singapore-headquartered Jungle Ventures. They acquired a majority stake in Dexcel Electronics, an ESDM firm that has contributed to programs including Jaguar, Sukhoi, LCA Tejas and
Chandrayaan-3
.
'Sanlayan's ability to execute at both operational and strategic levels has been outstanding. The revenue ramp-up at Dexcel, combined with strategic capital and Sanlayan's operating discipline, reinforces our confidence in their ability to scale sustainably across the defence electronics value chain,' said Rishab Malik, Partner at Jungle Ventures.
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Sanlayan is also developing AESA Radar for India's unmanned underwater vehicle (UUV) program, with its in-house R&D capabilities. They have formed partnerships with five Indian startups and foreign OEMs for joint development of cutting-edge solutions.
The Bengaluru-based firm, has a three-pronged approach for capability development: acquiring and building upon established
Indian defence
MSMEs; developing in-house technologies; and forging global alliances. With fresh access to capital, the startup is positioned to double down on this approach and contribute towards programs of national strategic importance, it said.
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'India's defence sector is at a once-in-a-generation inflection point. We will continue to acquire capabilities both organically and inorganically. We are allocating capital for suo-moto development of critical technologies for CUAS and EW systems. In the last six months, we have strengthened Dexcel's design and manufacturing capabilities and are now gearing up to execute large-scale indigenisation and upgrade programs,' said Rohan Gala, co-founder and CEO of Sanlayan.
The company plans to increase its engineering headcount fivefold in the next six months. The startup is actively hiring domain experts, R&D scientists, retired armed forces veterans, and senior leadership from both public sector undertakings and private defence giants.
"What drew us to Sanlayan was their clear understanding of India's defenceelectronics landscape, and their hybrid strategy to solve it. This is not just a business opportunity; it's a national imperative. We're proud to back a team that's accelerating indigenous capability and contributing meaningfully to India's
national security
,' said Ashish Kacholia.
