Armory raises ₹13 cr for drone defence

Defence-tech startup Armory has raised 13 crore in a funding round led by growX ventures.

The deets: founded in 2024, Armory develops indigenous counter-drone systems capable of detecting, tracking, and neutralising rogue drones.

Why it matters: India’s defence production has grown at an extraordinary pace since the launch of ‘Make-In-India’ initiative. Armory is looking to explore international collaborations that align with the ‘Make-In-India, Made for the World’ vision.

Zoom out: the India-Pakistan conflict has put the focus on the country’s defence tech and drone startups. Venture Capitalists continue to show growing interest in investing in these companies.

According to data from Tracxn, the total equity funding raised by drone startups in India is $414 million so far.