India, Feb. 5 -- Bengaluru-based drone battery solutions provider Dreamfly Innovations has secured $1.4 Mn (around INR 12 Cr) as a part of its seed funding round led by Avaana Capital, along with participation from Sunicon Ventures among other existing backers.

The startup plans to deploy the fresh proceeds to scale up operations, expand its team and advance R&D for sustainable and fire-resistant battery technologies.

"With the global drone market projected to reach $54 Bn by 2025, India stands to capture a substantial share, potentially reaching $4.2 Bn and expanding to $23 Bn by 2030, as per the EY-FICCI report Making India the drone hub of the world," says Kajal Shah cofounder and CEO Dreamfly Innovations.

Launched in 2022 by Kajal ...