The company has allocated 37.93 lakh equity shares to 31 funds at Rs 672 apiece, aggregating the transaction size to Rs 255 crore, according to a circular uploaded on the BSE website
Under the partnership, Garuda Aerospace and Ninjacart would offer short-term financing options to farmers thereby enabling them to access the latest drone technology at affordable rates
MapmyIndia and Indrones to jointly offer drones and drone-based solutions across all use cases including surveying, mapping, inspections and real-time monitoring
The fundraise marks the largest ever Series A round in the drone sector led by SphitiCap while also receiving participation from a global investment fund and several HNI angels
