Saturday, April 20

Tag: Drona Aviation

Funding Fest : All the Funding of the Past Week (2nd-9th April)
10Apr By Sheldan RungasamyNo Comments
FUNDING

Funding Fest : All the Funding of the Past Week (2nd-9th April)

All the funding articles starting 2nd April to 9th April compiled in one. This week's edition contains 14 startups which raised a combined amount of approximately $ 460.35 Million. The highest funding of the week was recorded by PayTM Mall. To get additional details about the funding of a particular company, click on its hyperlink. Kaleidofin Kaleidofin, a Chennai based fintech platform raises $2.8 million seed funding led by Omidyar Network, a Silicon Valley-based impact investing firm established by Pierre Omidyar, the founder of eBay, Blume Ventures, and individual investors, including Israeli serial entrepreneur and inventor, Professor Shlomo Ben-Haim. BeYouPlus BeYouPlus, a Delhi-based health and wellness startup raised a funding round worth Rs 50 Lakhs from Fortis H...
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Mumbai Based Drone Startup Raises Rs 64 Lakhs
4Apr By Sheldan RungasamyNo Comments
FUNDING

Mumbai Based Drone Startup Raises Rs 64 Lakhs

Drona Aviation, a Nano drones company received Rs 64 Lakhs from Globevestor, existing investor SINE IIT Bombay and additional investors. Drona Aviation Private Limited prepared 865 preference shares worth Rs 100 each and a premium of Rs 7377 per share. Previously, SINE IIT Bombay invested Rs 10 lakhs in the startup. Drona Aviation was founded by three IIT alumni namely Apurva Godbole, Prasanna Shevare and Dinesh Sain. The company specializes in the building of drones that are meant to be lighter than 100g meant for industrial and civic applications. Presently, the startup is focusing almost solely on drone cinematography. Up to now, the startup has only developed one prototype of Nano drone called Pluto which is a quick, robust and light drone with an open source firmware and a du...
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