Beyond assisted a geospatial platform and drone manufacturer in raising $5 million in Series A funding from a leading Indian info-tech firm to scale production and enhance its product offerings.
Information on the Target
The target of this deal is a prominent geospatial platform and drone manufacturing company, which specializes in providing advanced drones for infrastructure and mapping applications. This innovative firm has seen a rising demand for its products owing to the growing need for precision in aerial data collection and analysis.
To keep pace with this increasing demand, the company sought to raise $5 million in a Series A funding round. The capital will be utilized to scale up production capabilities and further develop its geospatial platform, thereby positioning the company for sustained growth in this competitive market.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in India
India's geospatial industry has experienced significant growth in recent years, driven by technological advancements and increased investments in infrastructure development. The
Similar Deals
Major Indian Info-Tech Company
invested in
Leading Geospatial Platform and Drone Manufacturer
in 2023
in a Series A deal
Disclosed details
Transaction Size: $5M