Chennai, April 16 -- Chennai-based drone manufacturer Garuda Aerospace has secured Rs 100 crore in a Series B funding round led by Venture Catalysts (Vcats++), placing the company's valuation at USD 250 million.

The funding marks a significant step in Garuda's mission to enhance domestic drone capabilities and expand globally.

The investment will be directed towards expanding production facilities, boosting R&D in defence drone technology, and establishing a new design centre.

Garuda, which operates in both civilian and defence segments, currently holds over 20 patents and aims to grow its IP portfolio further.

"This Series B funding is a defining milestone," said Agnishwar Jayaprakash, Founder and CEO of Garuda Aerospace. "It positio...