Chennai-based drone technology company Garuda Aerospace has raised around $10 million (about Rs 96 crore) in a pre-initial public offering (IPO) funding round at a pre-money valuation of $320 million, according to people aware of the transaction.The round was led by the Motherson family office and Dubai-based Aditum Investment Group, they said.Garuda Aerospace is looking to go public in the first quarter of 2027, according to people in the know.
Chennai-based drone technology company Garuda Aerospace has raised around $10 million (about Rs 96 crore) in a pre-initial public offering (IPO) funding round at a pre-money valuation of $320 million, according to people aware of the transaction.The round was led by the Motherson family office and Dubai-based Aditum Investment Group, they said.Garuda Aerospace is looking to go public in the first quarter of 2027, according to people in the know.
