{"id":595111,"date":"2023-08-02T09:12:27","date_gmt":"2023-08-02T03:42:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=595111"},"modified":"2023-08-02T09:38:51","modified_gmt":"2023-08-02T04:08:51","slug":"blackstone-alum-doubles-down-on-drone-startups-after-600-ideaforge-return","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/blackstone-alum-doubles-down-on-drone-startups-after-600-ideaforge-return\/","title":{"rendered":"Blackstone alum doubles down on Drone startups after 600% IdeaForge return"},"content":{"rendered":"<p>The largest single investor in IdeaForge Technology Ltd. is doubling down on India\u2019s drone-making sector after an early bet on the Mumbai-listed company generated a return of almost 600%. <\/p>\n<p>Florintree Advisers Pvt. this month bought a 15% stake in BotLab Dynamics, an Indian drone maker that specializes in light shows, for about 200 million rupees ($2.4 million), according to Mathew Cyriac, the investment firm\u2019s founder and a former Blackstone Inc. dealmaker. The transaction values BotLab at about 1.2 billion rupees, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest single investor in IdeaForge Technology Ltd. is doubling down on India\u2019s drone-making sector after an early bet on the Mumbai-listed company generated a return of almost 600%. Florintree Advisers Pvt. this month bought a 15% stake in BotLab Dynamics, an Indian drone maker that specializes in light shows, for about 200 million rupees ($2.4 million), according to Mathew Cyriac, the investment firm\u2019s founder and a former Blackstone Inc. dealmaker. The transaction values BotLab at about 1.2 billion rupees, he said.<\/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-595111","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\/595111","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=595111"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/595111\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=595111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=595111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=595111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}