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The Hindu
The Hindu
National
Sangeetha Kandavel

YOU WONT BELIEVE: Dhoni invests in drone start up - You Need To See This

Drone Garuda Aerospace Mahendra Singh Dhoni Garuda Agnishwar Jayaprakash

Mahendra Singh Dhoni, veteran cricketer, has invested an undisclosed amount in Chennai-headquartered drone start-up Garuda Aerospace Pvt. Ltd. The former India captain and captain of the Chennai Super Kings team in the IPL has been roped in as the brand ambassador of the start-up.

About his association with Garuda, Dhoni said: “I am happy to be a part of Garuda Aerospace and look forward to witness their growth story with the unique drone solutions they have to offer.”

This particular investment is part of the bridge round ahead of its series A round which the firm intends to close by end of July at a valuation of $250 million. “Garuda Aerospace is valued at $250 million and we are raising $30 million to fuel our global expansion plans,” Agnishwar Jayaprakash, founder and CEO, Garuda Aerospace Pvt. Ltd., told The Hindu.

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