Vayudh, the defence technology arm of IIT Delhi-incubated BotLab Dynamics, has raised $10 million in fresh funding led by Dharana Capital. Separately, POSHS Metal Industries has raised Rs 43 crore ($5 million) from Aavishkaar Capital’s Global Supply Chain Support Fund.
Vayudh raises $10m in round led by Dharana Capital
Vayudh, the defence technology arm of IIT Delhi-incubated BotLab Dynamics, has raised $10 million in fresh funding led by Dharana Capital.
The round also saw participation from Zomato founder Deepinder Goyal, Ajay Aggarwal of Action TESA, Sumit Jalan, LetsVenture, and Navam Capital.
Vayudh, which specialises in swarm drone systems for surveillance and battlefield intelligence, has clocked over 300,000 autonomous flight hours. It recently launched Atri, India’s first nano drone for precision surveillance.
The funding will be used to ramp up R&D, expand manufacturing capabilities, and accelerate deployment with India’s defence forces, the firm said in a statement.
POSHS Metal Industries raises $5m from Aavishkaar Capital
POSHS Metal Industries has raised Rs 43 crore ($5 million) from Aavishkaar Capital’s Global Supply Chain Support Fund to expand its steel processing capacity in Aurangabad.
Founded in 1998, POSHS specialises in auto-grade flat steel and has been a processing and distribution partner for Tata Steel in Western India for 25 years.
Aavishkaar’s $220-million fund, backed by Germany’s KfW, focuses on SMEs across Asia and Africa that contribute to sustainable and socially inclusive global supply chains.
