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Infosys leads ₹67 crore investment in Indian drone startup
short by Vani Vivek / on Thursday, 15 December, 2016
Mumbai-based drone startup ideaForge has secured ₹67 crore ($10 million) in Series A funding round from Infosys, WRV Capital, and IndusAge Partners. Founded in 2007, ideaForge's drones have been used by the Indian Armed Forces for surveillance, crowd monitoring, and rescue operations. Infosys participated in the round through its Innovation Fund set up in 2013, now worth over ₹3,000 crore.
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