Narotam Sekhsaria Family Office invests in drone startup Garuda Aerospace

Riding a surge in defence-tech investments and rising drone demand, Garuda Aerospace, India’s leading drone manufacturing company, has secured investment from Narotam Sekhsaria Family Office (NSFO) ahead of its planned Initial Public Offering (IPO). The round also witnessed strong participation from existing investors, including WFC (We Founder Circle). The investment marks a significant milestone in Garuda Aerospace’s growth journey, following the impactful ‘Operation Sindoor Defence Drone Surge.’ This latest funding follows Garuda Aerospace’s successful Rs100 crore Series B round led by Venture Catalysts (VCats), further reinforcing investor confidence in the company’s vision, innovation, and execution.

The strategic funds from the round will play a pivotal role in advancing Garuda Aerospace’s ambitious growth plans. A key focus will be scaling up manufacturing capacity from the current 8,000 drones per year to 12,000–15,000 annually, with a long-term goal of producing 50,000 drones in the coming years. The investment will also accelerate research and development efforts aimed at achieving full indigenisation of both airborne and ground defence drone systems within the next 3–5 years, thereby reinforcing India’s self-reliance in defence technology. Additionally, Garuda Aerospace aims to expand its export footprint to 50 countries by 2025.

“We are delighted to welcome the Narotam Sekhsaria Family Office as a strategic investor. Their belief in our journey reinforces our mission to build a global drone-tech champion from India. This investment powers our next phase of growth, focused on innovation, national service, and global scale,” said Agnishwar Jayaprakash, Founder and CEO of Garuda Aerospace.