Former Indian cricket team captain, MS Dhoni has invested an undisclosed sum in Chennai-based Garuda Aerospace, India’s leading drone-as-a-service (DaaS) provider. He will also be the face and brand ambassador of the company. The investment is part of a bridge round, ahead of a $30-million Series A round, which the company is currently in the process of closing by end-July at a valuation of $250 million, confirmed founder Agnishwar Jayaprakash.
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About the Garuda Aerospace:
- Started in 2015, Garuda Aerospace has made significant inroads into the drone startup ecosystem.
- The company provides low-cost drone-based solutions and has designed drones for 38 diverse applications, including sanitisation, agriculture spraying, mapping, industries, security, delivery and surveillance.
- Garuda has also forayed into the defence sector by bagging a significant order for 33 anti-drone systems for the ministry of defence.
- In Uttar Pradesh, under Svamitva, a survey of land was done to map 1,000 villages. This was done to make digital records of ownership, which are being made available online.