- 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.