Latest news with #JungleVentures
Entrepreneur
3 days ago
- Business
- Entrepreneur
Sanlayan Technologies Secures INR 186 Crore in Series A to Drive Defence Innovation
Sanlayan aims to grow its engineering team fivefold over the next six months by recruiting R&D scientists, domain experts, retired military personnel, and senior executives from both private and public sector defence institutions You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Sanlayan Technologies, a Bengaluru-based aerospace and defence startup, has raised INR 186 crore in a heavily oversubscribed Series A funding round. The latest investment, led by prominent investors Ashish Kacholia, Lashit Sanghvi, and Jungle Ventures, saw participation from existing backers Gemba Capital and Singularity Ventures, alongside new entrant Shastra VC. The funding marks a significant leap for the company as it sharpens focus on indigenous defence capabilities. The latest round follows a INR 36 crore raise in March 2024, also led by Jungle Ventures through its First Cheque@Jungle platform. Shortly after, Sanlayan acquired a majority stake in Dexcel Electronics, an electronics system design and manufacturing (ESDM) firm with a 25-year track record in key Indian defence programs including the Sukhoi, Jaguar, LCA Tejas, and Chandrayaan-3 missions. Rishab Malik, partner at Jungle Ventures, noted the combined impact of capital infusion and operational focus. "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," he said. Sanlayan's approach to building capabilities across India's defence electronics ecosystem relies on a three-fold strategy: acquiring mature defence MSMEs, building in-house research and development, and forming global partnerships. The startup is currently developing an Active Electronically Scanned Array (AESA) radar for India's unmanned underwater vehicle (UUV) program, leveraging its internal R&D while collaborating with five domestic startups and international OEMs for advanced joint development. "What drew us to Sanlayan was their clear understanding of India's defence electronics landscape, and their hybrid strategy to solve it," said investor Ashish Kacholia. "This is not just a business opportunity; it's a national imperative." The company plans to rapidly scale its operations with a major hiring drive. Sanlayan aims to grow its engineering team fivefold over the next six months by recruiting R&D scientists, domain experts, retired military personnel, and senior executives from both private and public sector defence institutions. "India's defence sector is at a once-in-a-generation inflection point," said Rohan Gala, co-founder and CEO of Sanlayan. "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."
Time of India
3 days ago
- Business
- Time of India
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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 착용했을 때, 더 뿌듯한 팔찌 유니세프 지금 기부하기 Undo 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. Live Events '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.
