Garuda Aerospace raises $22 million in Series A, achieves profitability in FY22

  • Drone startup Garuda Aerospace has raised $22 million in its Series A round.
  • The round was led by Venture Capital firm SphitiCap with participation from other global investors, angels, and HNIs.
  • SphitiCap invested $12 million, while other investors and HNIs contributed $5 million.
  • In November 2022, Garuda Aerospace raised an additional $5 million.
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