The drone startup Garuda Aerospace has raised $22 million in funding led by SphitiCap

The drone startup Garuda Aerospace has raised $22 million in funding led by SphitiCap.

Garuda Aerospace, a startup company for drones, announced on Monday that it had secured $22 million in an early fundraising round from venture capital firm SphitiCap.

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According to CEO and founder Agnishwar Jayaprakash in an interview with ET, the Series A fundraising round gives Garuda Aerospace a $250 million valuation.

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Garuda Aerospace plans to sell 25,000 drones, and in the following 15 months, it expects to export 10,000 drones to roughly 100 nations.

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