26-06-2025
Drone maker Raphe raises $100m in India's largest defense startup deal
Indian drone maker Raphe mPhibr makes drones that can be used for surveillance or logistics, with Indian military and paramilitary forces as customers. (Photo by Raphe mPhibr)
SAYAN CHAKRABORTY
BENGALURU -- Indian drone maker Raphe mPhibr said Thursday that it had secured $100 million from global investors to expand manufacturing, marking the largest venture funding round for a defense startup in the country.
U.S.-based venture capital firm General Catalyst, which has backed defense startups like Andruil in its home market and Helsing in Europe, led the funding with participation from existing investors, including Think Investments, a Silicon Valley VC.
