Defense technology startup Drone startup Vayudh raised $10 M from Dharana Capital

Dharana Capital is leading a new round of $10 million raised by defense technology startup Vayudh.

Ajay Aggarwal (MD, Action TESA), Sumit Jalan, LetsVenture, Navam Capital, and Deepinder Goyal (founder of Zomato) also participated in the round. Vayudh was previously invested in by Florintree Advisors.

The money raised will go toward bolstering research, expanding manufacturing capabilities, and expediting the deployment of Indian defense forces.

Vayudh, which was founded in 2016 by Tanmay Bunkar, Anuj Barnwal, and Sarita Ahlawat, creates drone platforms for reconnaissance, surveillance, and intelligence on the battlefield.

The startup has over 300,000 hours of autonomous flying experience and has worked on swarm drone technology. It was awarded the iDEX Grant in 2023 to create the smallest surveillance drone in India. Atri, a nano surveillance drone, was just launched by Vayudh.

India is where Vayudh manufactures and tests its drones. It centers on UAVs for security and defense.