Monday, September 25, 2023
Outlook India
Outlook Business


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

The company will utilise the newly-infused fund to invest in new customer acquisitions and expand the team

The event was held at the Hotel Crown Plaza, Chennai, showcasing the scale of the drone industry in India

Agrochemical player Dhanuka Agritech in 2021 announced an investment of Rs 30 crore in IoTechWorld for a minority stake

With this association, Scandron will be focussing on the research and development and drone manufacturing in India

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

Auxano Capital secured six deals in FY 2021-22, with three more in the pipeline