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Drone startup Raphe mPhibr has raised $100 m in an all-equity Series B round led by General Catalyst.
The funding scoop: the Noida-based startup designs & manufactures a range of unmanned aerial vehicles. Several of their systems are already being used by the Indian defence forces with others nearing final validation.
Why it matters: drones are fast emerging as a crucial element in the defence space. Amid rising geopolitical tensions including the India-Pakistan conflict, nations are increasingly relying on drones for rapid infiltration, surveillance, and precision strikes.
Over the past 12 months, Raphe mPhibr has sold over 300 drones & achieved up to 4x revenue growth over the last four years. The company remains profitable and is now eyeing a public listing within the next 2-5 years.
