Drone-tech startup IG Drones has secured $1 million in a seed funding round led by India Accelerator, with participation from other angel investors.
The funding will be used to advance research and development, focusing on creating state-of-the-art drone solutions tailored for defense applications, as stated in a press release from IG Drones.
Co-founded in 2018 by Bodhisattwa Sanghapriya and Om Prakash, IG Drones offers drone-based services for surveying, mapping, and inspection. Their services include powerline monitoring, bridge inspection, solar plant and pipeline inspection, railway services, agricultural surveys, and more.
According to market research, the Indian drone market is projected to reach Rs 2.5 trillion by 2030.
IG Drones’ flagship product, the AI-powered Jaga drone, leverages cutting-edge technology for precision performance. The company has developed a 5G drone and is collaborating with the defense sector and other leading firms. Its Kisaan drone is designed to empower the agricultural sector by providing innovative solutions for farmers.
Based in Delhi, IG Drones claims to have partnered with the Indian Army, multiple state governments, and over 100 large enterprises, executing more than 500 projects. It also launched India’s first indigenously developed simulator, the ‘IG Military Simulator.’
IG Drones may directly or indirectly compete with other players in the market, such as Ideaforge and Drona Aviation.
