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Marut Drones has successfully raised $6.2 million in Series A funding from Lok Capital, aimed at developing advanced agricultural drones. The funds will facilitate the expansion of its channel partner network and the establishment of service centers in Tier 2 and Tier 3 cities, enhancing service for rural customers. In a separate development, GalaxEye, a startup specializing in satellite-based Earth observation, secured $10 million in Series A funding led by MountTech Growth Fund, with participation from Mela Ventures, Speciale Invest, and ideaForge. Additionally, Heliware, an AI-powered 3D geospatial platform, received Rs 4 crore in Pre-Series A funding, with JITOJIIF leading the round. The funds will support the launch of Heliware's new products, Bhumi Maps and Bhumi Builder. Meanwhile, Garuda Aerospace, backed by MS Dhoni, is preparing for an IPO and plans to expand into the defense drone sector.
Startup Central | MS Dhoni boosts his investment in Garuda Aerospace as the drone startup gears up for an #IPO and expansion into defence drones! @avannedubash @garuda_india @agnishwarj Watch the full interview here: https://t.co/rETLH63pMw https://t.co/HILbCJA5A1
๐ฐ @jitojiif leads Pre- Series A funding round for Rs 4 Cr in @Heliware2, an AI-powered 3D geospatial platform. Other investors include TiE and Vatvistaar Ventures. The funds will support the upcoming launch of Heliware's upcoming products, Bhumi Maps and Bhumi Builder. https://t.co/sEYZh7uD9M
COMING UP @ 6 PM | Startup Central Tune in for an exclusive interview with Agnishwar Jayaprakash of Garuda Aerospace as he shares the latest update on MS Dhoni's investment in the company, fundraise, expansion plans and more๐ @avannedubash @garuda_india @agnishwarj https://t.co/B2BhHw4wa4
