Top 10 Indian Drone Startups (2023)
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 Published On Dec 28, 2023

00:00 Intro
00:39 Garuda Aerospace
01:34 Redwing Labs
02:36 Skye Air Mobility
03:44 BharatRohan
04:38 Asteria Aerospace
05:42 NewSpace Research and Technologies
06:45 DroneAcharya Aerial Innovations
07:44 Sagar Defence Engineering
08:33 BotLab Dynamics
10:06 ideaForge

Established in 2015 by Agnishwar Jayaprakash and Rithika Mohan, Garuda Aerospace offers 30+ drones and 50+ services to 750+ clients. Their flagship Garuda Kisan Drone reduces pesticide and water usage, boosting crop productivity. In FY23, they earned 47 crore rupees and aim to sell 25,000 drones in FY24, potentially reaching 1,000 crore rupees in revenue. The company raised 22 million dollars in the largest Indian drone startup series A round, valuing them at 250 million dollars.

Founded in 2018 by Anshul Sharma, Rishabh Gupta, and Arunabha Bhattacharya, Redwing Labs functions as the "Swiggy for hospitals," utilizing drones to efficiently deliver healthcare products on demand, saving costs and reducing wastage. Operating in remote areas like Arunachal Pradesh and Odisha, their pilot drone delivery programs address critical healthcare needs.

Established in 2019 by Ankit Kumar, Chandra Prakash, Shrikant Sarda, and Swapnik Jakkampudi, Skye Air Mobility transitioned from a drone delivery company to developing a drone traffic management system, Skye-UTM. This system enhances airspace safety, providing a SaaS platform for drone registration, real-time visibility of other drones, and necessary government approvals. The Skye-UTM system acts as a drone-centric Google Maps, crucial for integrating drones into daily life.

While studying aeronautical engineering, Amandeep Panwar and Rishabh Choudhary founded BharatRohan in 2016. Unlike defense-focused drone startups, they equipped drones with hyperspectral imaging to help farmers detect crop issues early. Currently, they assist 19,000 farmers, aiming to expand to 5 lakh acres in two years.

Established in 2011 by Nihar Vartak and Neel Mehta, Asteria Aerospace is a comprehensive drone manufacturer producing both hardware and software. Their Drone as a Service platform, SkyDeck, allows cost-effective drone utilization, leading to Reliance acquiring a 51.78% stake in 2019 for 23 crore rupees.

Founded in 2017 by Sameer Joshi and Julius Amrit, NewSpace Research and Technologies is developing advanced swarm drones, resembling the coordinated behavior of birds and bees, with the Indian Army procuring 100 for strategic use.

Established in 2017 by Prateek Srivastava, DroneAcharya Aerial Innovations provides conventional drone services, emphasizing drone-related training. As one of India's 63 DGCA-recognized training organizations, they aim to train 25,000 drone pilots annually.

Established in 2016 by Nikunj Parashar, Mridul Babbar, and Lakshay Dang, Sagar Defence Engineering initially focused on unmanned marine vehicles for border surveillance. They expanded into aerial drones and developed India's first passenger-carrying drone, Varuna, designed for the Navy but versatile for remote areas and rescue operations.

Established in 2016 by Tanmay Bunkar, Anuj Kumar Barnwal, and Dr. Sarita Ahlawat, BotLab Dynamics initially created swarm drones for defense purposes. Recognizing the potential in entertainment, they specialize in drone light shows, achieving milestones like the world's second-largest show with 3,500 drones.

Founded in 2007 by IIT Bombay students Rahul Singh, Ankit Mehta, and Ashish Bhat, ideaForge began as a hovercraft project, evolving into India's largest drone manufacturer with a 50% market share.

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