Latest news with #TanmayBunkar
Business Mayor
22-04-2025
- Business
- Business Mayor
Defence tech startup Vayudh raises $10 million in round led by Vy Capital's offshoot Dharana Capital
The round also saw participation from Zomato founder and chief executive Deepinder Goyal, along with other investors. Vayudh had earlier raised funds from Florintree Advisors. The funds will be used for strengthening R&D capabilities, scaling up manufacturing infrastructure, and accelerating deployments with India's defence forces. 'This funding marks a pivotal step in our journey to develop indigenous, cutting-edge defence drone technology of global standards. We remain focused on deepening our R&D pipeline and scaling manufacturing to meet growing demand from India's defence sector,' said chief executive Tanmay Bunkar. Founded in 2016 by Bunkar, Anuj Barnwal, and Sarita Ahlawat, Vayudh has built strong capabilities in swarm drone technology, with over 3,00,000 autonomous flying hours across defence use cases as well as commercial applications like drone shows and industrial surveys. The company recently launched Atri, a nano drone specifically designed for precision surveillance and reconnaissance operations. Commenting on the investment, Vamsi Duvvuri, founder and managing partner, Dharana Capital, said, 'India's rising defence spend and push for indigenisation have opened a rare window to build world-class defence tech locally. The Vayudh team brings exceptional technical depth in drone technology — their swarming tech is field-tested, mission-ready, and built in India. 'What excites us is the team's deep technical rigour and relentless drive to address India's defence needs through home-grown intellectual property,' said Mathew Cyriac, founder of Florintree Advisors. On April 16, drone startup Garuda Aerospace, backed by former Indian cricket team captain Mahendra Singh Dhoni, raised Rs 100 crore in a funding round from early-stage investor Venture Catalysts.
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Business Standard
22-04-2025
- Business
- Business Standard
Vayudh raises $10 million in funding round led by Dharana Capital
Homegrown defence technology company Vayudh on Tuesday said it has raised $10 million in a funding round led by Dharana Capital. The round also saw participation from Deepinder Goyal, founder and chief executive officer of Zomato (now Eternal); Ajay Aggarwal (Action TESA); Sumit Jalan; LetsVenture; and Navam Capital. The company had earlier raised funds from Florintree Advisors. The funds will be used to deepen the company's research and development (R&D) capabilities, expand manufacturing infrastructure, and accelerate deployments with India's defence forces. Vayudh, the defence vertical of BotLab Dynamics Private Limited, is a startup from IIT Delhi, building indigenous drone platforms for real-time battlefield intelligence, surveillance and reconnaissance. ALSO READ: Founded in 2016 by Tanmay Bunkar, Anuj Barnwal and Sarita Ahlawat, Vayudh has developed expertise in swarm drone technology, with over 300,000 autonomous flying hours in defence and other commercial applications like drone shows and industrial surveying. The company recently launched Atri, India's first nano drone for precision surveillance and reconnaissance operations. In 2023, Vayudh was awarded the iDEX (Innovations for Defence Excellence) grant to develop India's smallest surveillance drone. Commenting on the announcement, Tanmay Bunkar, chief executive officer of Vayudh, said, 'This funding marks a pivotal step in our journey to develop indigenous, cutting-edge defence drone technology of global standards. We remain focused on deepening our R&D pipeline and scaling manufacturing to meet growing demand from India's defence sector.' Vamsi Duvvuri, founder and managing partner of Dharana Capital, said, 'India's rising defence spend and push for indigenisation have opened a rare window to build world-class defence tech locally. The Vayudh team brings exceptional technical depth in drone technology — their swarming tech is field-tested, mission-ready and built in India. We are excited to be part of their growth journey.'
Time of India
22-04-2025
- Business
- Time of India
Defence tech startup Vayudh raises $10 million in round led by Vy Capital's offshoot Dharana Capital
Home-grown defence technology company Vayudh has raised $10 million in a funding round led by Vy Capital's offshoot Dharana Capital . The round also saw participation from Zomato founder and chief executive Deepinder Goyal, along with other investors. Vayudh had earlier raised funds from Florintree Advisors. The funds will be used for strengthening R&D capabilities, scaling up manufacturing infrastructure, and accelerating deployments with India's defence forces. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo 'This funding marks a pivotal step in our journey to develop indigenous, cutting-edge defence drone technology of global standards. We remain focused on deepening our R&D pipeline and scaling manufacturing to meet growing demand from India's defence sector,' said chief executive Tanmay Bunkar. Founded in 2016 by Bunkar, Anuj Barnwal, and Sarita Ahlawat, Vayudh has built strong capabilities in swarm drone technology, with over 3,00,000 autonomous flying hours across defence use cases as well as commercial applications like drone shows and industrial surveys. Live Events The company recently launched Atri, a nano drone specifically designed for precision surveillance and reconnaissance operations. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Commenting on the investment, Vamsi Duvvuri, founder and managing partner, Dharana Capital, said, 'India's rising defence spend and push for indigenisation have opened a rare window to build world-class defence tech locally. The Vayudh team brings exceptional technical depth in drone technology -- their swarming tech is field-tested, mission-ready, and built in India. 'What excites us is the team's deep technical rigour and relentless drive to address India's defence needs through home-grown intellectual property,' said Mathew Cyriac, founder of Florintree Advisors. On April 16, drone startup Garuda Aerospace, backed by former Indian cricket team captain Mahendra Singh Dhoni, raised Rs 100 crore in a funding round from early-stage investor Venture Catalysts .
