Dronetech startup TechEagle raised Bridge funding from multiple investors

Vijay Shekhar Sharma, the founder of Paytm, Navam Capital, and Inflection Point Ventures (IPV) have contributed to the bridge round of funding for TechEagle, an on-demand drone delivery and logistics company.

Before this round, in 2021, TechEagle completed a seed funding round led by India Accelerator, raising $500K.

Venture Catalysts and a group of high-net-worth individuals also participated in the undisclosed bridge round.

The company stated in a press release that the money raised will be utilized to support the launch of drones with a larger payload for mid-mile and inter-city deliveries.

TechEagle is a drone logistics startup that was founded in 2017 by Anshu Abhishek and Vikaram Singh Meena. It offers its clients autonomous drone delivery on-demand. TechEagle is a last-mile logistics company that specializes in beyond visual line of sight (BVLOS) drone operations in urban and semi-urban areas.