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<ul><li>The company says that it enjoys a 55% market share in the $3 billion precision agri drone industry.</li><li>Fresh capital infusion to help accelerate its growth plans as demand for these drones in the agri sector is increasing.</li><li>The overall drone industry, estimated at $7 billion, continues to experience healthy growth. </li></ul> <keyword id="4610420" type="General" weightage="100" keywordseo="garuda-aerospace" source="Orion">Garuda Aerospace</keyword>, a drone startup backed by former Indian cricket captain Mahendra Singh Dhoni, has successfully raised ₹25 crore in a fresh bridge round of funding. The funding round was led by <keyword id="3189966" type="General" weightage="20" keywordseo="venture-catalysts" source="Orion">Venture Catalysts</keyword>, India's first integrated incubator and a leading investor for early-stage startups, and <keyword id="17772580" type="General" weightage="20" keywordseo="wefoundercircle" source="Orion">WeFounderCircle</keyword>. Several prominent investors, including Hems Angels, San Angels, Peaceful Progress Funds, etc. also participated in the funding round. The Founder CEO of Garuda Aerospace, <keyword id="6037355" type="General" weightage="50" keywordseo="agnishwar-jayaprakash" source="Orion">Agnishwar Jayaprakash</keyword>, said that the fresh capital infusion would play a crucial role in accelerating the company's growth and enhancing its capabilities to meet the increasing market demand. With the backing of investors and the endorsement of <keyword id="6354832" type="General" weightage="50" keywordseo="ms-dhoni" source="Orion">MS Dhoni</keyword>, Garuda Aerospace is confident in its mission to revolutionise the drone technology sector in India. Apoorva Ranjan Sharma, Founder and Managing Director at Venture Catalysts, said that the company's commitment to delivering cutting-edge drone solutions and its impressive market share in the Precision Agri Drone industry make it an important player in the sector. The investment will help the startup come up with new use cases for unmanned aerial vehicles in different sectors. This will benefit India's tech ecosystem and agriculture industry. The funds raised in this bridge round will primarily be used to address the sudden demand for drone solutions. Garuda Aerospace plans to allocate the funds towards working capital requirements, ensuring the execution of the IFFCO drone order, and fulfilling pre-booked orders from numerous dealers across the country. The company recently achieved remarkable milestones, including a strategic partnership with IFFCO for a drone order of 400 units and an impressive pre-booking of 10,000 drones from 700 dealers nationwide. These developments have led to a surge in demand for Garuda Aerospace's innovative drone solutions. Founded in 2015 by Agnishwar Jayaprakash, Garuda Aerospace is making a name in the drone industry with its asset-light, recession-proof, and unit-economic-focused business model. The company designs and manufactures precision agriculture drones. With a solid order book and a first-mover advantage in the agricultural drone segment, the company says that it enjoys a 55% market share in the $3 billion precision agri drone space. It is noteworthy that the overall drone industry, estimated at $7 billion, continues to experience remarkable growth. The successful capital raise in this latest round of funding positions Garuda Aerospace for further growth and expansion in the drone technology sector. With the support of investors and the endorsement of MS Dhoni, the company is well-positioned to continue its mission of revolutionising the drone industry in India.

Dhoni backed Garuda Aerospace raises ₹25 crore from Venture Catalysts and WeFounderCircle

<ul><li>Indore-based Indian OTT platform STAGE claims it has over 225,000 paid subscribers across Haryana and Rajasthan. </li><li>The startup aims to launch content in top 20 dialects in India, which have a potential to reach over 200 million households. </li><li>NB Ventures, Dholakia Ventures, <keyword id="15954313" type="General" weightage="80" keywordseo="tsm-ventures" source="Orion">TSM Ventures</keyword>, WeFounderCircle, Mumbai Angels, <keyword id="15954314" type="General" weightage="80" keywordseo="tarmac-ventures" source="Orion">Tarmac Ventures</keyword>, Tailwind Ventures, <keyword id="15954315" type="General" weightage="80" keywordseo="longtail-ventures" source="Orion">Longtail Ventures</keyword>, Lets Ventures and AngelList participated in the funding round.</li></ul>Dialect based, hyperlocal OTT platform STAGE has raised ₹40 crore in Series A funding led by Blume Ventures with participation from NB Ventures, Dholakia Ventures, TSM Ventures, WeFounderCircle, Mumbai Angels, Tarmac Ventures, Tailwind Ventures, Longtail Ventures, Lets Ventures and AngelList. Existing investors who participated are Better Capital, IPV, TCA, Venture Catalysts along with some angels. The company, which also participated in Season 2 of the hit reality show <a href="https://www.businessinsider.in/entertainment/news/shark-tank-india-back-with-season-2-without-ashneer-grover-in-panel/articleshow/95250729.cms">Shark Tank India</a>, previously raised ₹31 crore, bringing the total capital raised to ₹71 crore. The total valuation of the company stands at ₹290 crore, as shared with Business Insider India. The company began with Haryanavi content in 2019, and has over 225,000 subscribers at present. With over 25,000 subscribers added every month, STAGE is growing 30% M-o-M, according to estimates provided by the company. “We plan to capture 10% of over 25 million households watching video content in Haryana and Rajasthan by mid-2024. STAGE’s vision is to become a platform for entertainment, connection and celebration of cultures for all dialect speaking people in the country. By 2027, we plan to launch in the top 20 dialects of the country, which have a potential to reach over 200 million households,” <keyword id="1464818" type="General" weightage="80" keywordseo="vinay-singhal" source="Orion">Vinay Singhal</keyword>, co-founder, STAGE said. The current web series on STAGE in Haryanvi include Akhada, Group-D, <keyword id="15954312" type="General" weightage="80" keywordseo="college-kaand" source="Orion">College Kaand</keyword>, Opri Parai to name a few. STAGE also launched content in Rajasthani dialect in June 2022 which has over 10,000 subscribers at present. “STAGE’s slogan describes the passion and motivations of the team to build for the immense diversity of language and dialect that India offers. With two dialects launched and dozens more to build, we are excited to be partners on this journey,” <keyword id="10726" type="General" weightage="80" keywordseo="karthik-reddy" source="Orion">Karthik Reddy</keyword>, co-founder and partner, <a href="https://blume.vc/team/karthik-reddy">Blume Ventures</a> said. The OTT startup was founded in November 2019 by Vinay Singhal, Shashank Vaishnav, and Parveen Singhal - the same team which earlier built the popular content company, WittyFeed. It was the second-largest viral content company in the world, the company claims. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/this-startup-which-lends-to-the-rural-middle-class-raises-35-million-in-a-series-c-round/articleshow/96704383.cms">This startup which lends to the rural middle class raises $35 million in a Series C round</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/indias-coal-production-up-16-4-so-far-in-2022-23/articleshow/96703942.cms">India's coal production up 16.4% so far in 2022-23</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/bharatpe-ceo-suhail-sameer-to-step-down-five-months-after-taking-over/articleshow/96703750.cms">BharatPe CEO Suhail Sameer to step down five months after taking over</a>

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Dhoni backed Garuda Aerospace raises ₹25 crore from Venture Catalysts and WeFounderCircle

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Shark Tank S2 participant STAGE raises ₹40 crore in a Series A round

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