Indian defence technology startup Vayudh has raised $10 million in its latest funding round, with Dharana Capital leading the investment. The round also included contributions from notable investors such as Deepinder Goyal (Founder of Zomato), Ajay Aggarwal (MD of Action TESA), Sumit Jalan, LetsVenture, and Navam Capital. Florintree Advisors had previously backed the company.
The newly raised capital will be used to enhance research and development, scale manufacturing operations, and accelerate the deployment of advanced drone systems for India’s defence forces.
Founded in 2016 by Tanmay Bunkar, Anuj Barnwal, and Sarita Ahlawat, Vayudh specializes in developing unmanned aerial vehicles (UAVs) for military applications. These include battlefield intelligence, surveillance, and reconnaissance missions.
Over the years, Vayudh has made significant strides in swarm drone technology and has clocked more than 300,000 autonomous flight hours. The company was awarded the prestigious iDEX Grant in 2023 to build India’s smallest surveillance drone.
Recently, Vayudh introduced Atri, a compact nano surveillance drone designed for stealth and agility in high-risk operational zones. All of Vayudh’s UAVs are designed, developed, and tested in India, reinforcing the company’s commitment to indigenous innovation in defence technology.
With this funding, Vayudh aims to further its mission of becoming a key player in India’s growing defence tech ecosystem, supporting national security through cutting-edge drone solutions.