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Indian Drone Startup ideaForge Raises $10M in Series A Funding

The Global drone market is all set to heat up, with companies like Facebook already planning to enter the drone market, even new companies are venturing in to this new segment. Xiaomi, the Chinese electronics company had recently released its product in the market under the Mi Drone brand.

India is taking a que from all this and some very positive developments has been reported recently. A Mumbai based startup ideaForge, which focuses on building drones has secured an amount of $10 million in Series A investment round from some of the top names like Infosys, WRV Capital and IndusAge Partners. Infosys has invested an undisclosed amount in the company, through its $500 million Innovation Fund.

ideaForge is a pioneer in research, development, production and operation of compact, cost effective and user friendly Unmanned Aerial Vehicles (UAVs) in India.

Ankit Mehta, co-founder and CEO at ideaForge, said that the backing from Infosys will help the company in playing an important role in its industrial expansion to address a wide variety of data acquisition and analysis needs. 

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