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Drone

Matrix Geo Solutions Raises $1 Million in Pre-IPO Round, Set to Launch SME IPO

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Matrix Geo Solutions Ltd., a leading geospatial technology company specializing in drone and space tech, has successfully raised nearly $1 million in its pre-IPO funding round. The round attracted prominent investors, including Chittorgarh Infotech Limited, Viney Equity Markets LLP, and Tryrock Capital Trust AIF, among others. IntelliFin Private Limited (www.ipoplatform.com) served as the sole investment … Read more

Shiprocket and Skye Air Partner to Revolutionize E-Commerce with Drone Delivery

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Shiprocket, India’s leading platform for making e-commerce easier, has joined hands with Skye Air, a top Indian company that uses software to control drones. This special collaboration is set to change the way e-commerce works and introduce a new and exciting way to deliver packages using drones. This is the first time something like this … Read more

Plug-and-Play FPV Drone Maker InsideFPV Raises ₹2.75 Crore in Seed Round Led by Inflection Point Ventures

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Gurugram-based drone manufacturer InsideFPV has raised ₹2.75 crore (~$380,000) in a seed funding round led by Inflection Point Ventures. The round also saw participation from angel investors such as Abhishek Rungta, founder of Gofrugal, and Ashish Agarwal, former CEO of Pepperfry. InsideFPV was founded in 2020 by Akshay Kathuria and Ayush Aggarwal. The company designs … Read more

Drone manufacturer ideaForge raises $20 million in funding

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Drone manufacturer ideaForge has concluded a $20 million Series B fundraising round headed by Florintree, which is run by Mathew Cyriac, a former Blackstone India private equity co-head. Existing investors such as Celesta, a famous deep tech investment firm, Infosys, Qualcomm, and Infina, as well as the Exim Bank of India, participated in the round. … Read more

US-based DroneBase acquires Bengaluru-based AirProbe

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AirProbe, a Bengaluru-based firm that employs artificial intelligence (AI) for solar system inspections, was bought by DroneBase, a U.S. intelligent aerial imaging company, for an undisclosed sum last week. AirProbe, founded in 2017 by Aditya Bhat, Kaustubh Karnataki, and Ganesh Shankar, combines thermal drone imaging to detect solar cell flaws and AI to increase efficiency. … Read more