Phoenix Legal advised Vayudh, the defence and drone technology arm of BotLab Dynamics Private Limited, on successfully raising $10 million in a funding round led by Dharana Capital.
The round also saw participation from prominent investors including:
Deepinder Goyal (Zomato)
Ajay Aggarwal (Action TESA)
Sumit Jalan
LetsVenture
Navam Capital
Legal Advisors
Phoenix Legal acted as legal counsel to Vayudh.
The transaction was led by Rahul Deodhar (Partner) and Shivani Vyas (Associate).Kaizen Law is reported to have advised the investors.
Also read: DUCOL Acquires Bitumag Industries for INR 39.7 Crores, ALMT Legal Acts as Legal Advisor
Use of Funds
The freshly raised capital will support Vayudh in:
Scaling up research and development efforts
Expanding its manufacturing infrastructure
Accelerating deployment within India’s defence ecosystem
About Vayudh
Vayudh is a cutting-edge Indian deeptech startup specializing in drone manufacturing and defence technologies. Its offerings include:
Atri – India’s first nano surveillance drone
Proprietary swarm drone systems, with over 300,000 autonomous flying hours across defence, industrial surveying, and entertainment (e.g., drone light shows)
Strategic Significance
According to CEO Tanmay Bunkar, the fundraise is a “pivotal step” in Vayudh’s mission to build globally competitive, indigenous defence drone technology.
Vamsi Duvvuri of Dharana Capital highlighted that India’s focus on defence indigenisation offers a rare opportunity to develop advanced deeptech capabilities within the country.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
