{"id":555234,"date":"2023-02-14T09:39:27","date_gmt":"2023-02-14T04:09:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=555234"},"modified":"2023-02-14T10:30:58","modified_gmt":"2023-02-14T05:00:58","slug":"garuda-aerospace-raises-22-mn-aims-to-sell-25000-drones-in-next-18-mnths","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/garuda-aerospace-raises-22-mn-aims-to-sell-25000-drones-in-next-18-mnths\/","title":{"rendered":"Garuda Aerospace raises $22 mn, aims to sell 25,000 drones in next 18 mnths"},"content":{"rendered":"<p>Drone startup Garuda Aerospace on Monday said it has raised $22 million which is touted as the largest-ever Series A funding in the drone sector.<\/p>\n<p>Venture capital firm SphitiCap invested $12 mn along with participation from other global investors, angel investors and high networth individuals (HNIs) at $5 million.<\/p>\n<p>Another $5 million from an infra-development company, a group of HNI and angel investors from India, the UAE and Singapore was earlier secured by the drone startup.<\/p>\n<p>&#8220;Garuda Aerospace aims to sell 25,000 drones in the next 18 months and is looking forward to exporting 10,000 drones to about 100 countries in the next 15 months,&#8221; said Agnishwar Jayaprakash, Founder and CEO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Drone startup Garuda Aerospace on Monday said it has raised $22 million which is touted as the largest-ever Series A funding in the drone sector. Venture capital firm SphitiCap invested $12 mn along with participation from other global investors, angel investors and high networth individuals (HNIs) at $5 million. Another $5 million from an infra-development company, a group of HNI and angel investors from India, the UAE and Singapore was earlier secured by the drone startup. &#8220;Garuda Aerospace aims to sell 25,000 drones in the next 18 months and is looking forward to exporting 10,000 drones to about 100 countries [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-555234","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/555234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=555234"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/555234\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=555234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=555234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=555234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}