Business
Zuppa seeks $10 million to expand drone engineering
The Hindu BusinessLine··4d ago
Chennai drone maker Zuppa Geo Navigation Technologies is seeking equity funding of up to $10 million, founder Sai Pattabiram told businessline. Talks with strategic partners and foreign investors are expected to close next quarter. The firm delivered over 500 Ajeet drones to the Indian Army and closed FY26 at Rs 8 crore. It targets Rs 70-80 crore this year.
Prism
What It Means For You
- Fresh capital would fund a larger engineering team and a technology development centre in Chennai.
- Pattabiram said part of the money would expand sales in India, MENA and Europe.
- The raise is still in discussion and expected to close next quarter.
What's Happening
- Zuppa is seeking up to $10 million in equity funding.
- The company delivered over 500 Ajeet series drones to the Indian Army earlier this year.
- It closed FY26 at Rs 8 crore topline and targets Rs 70 to 80 crore this year.
Where Demand Is Coming From
- Pattabiram said individual Indian army commands have seen as much as a 4X rise in annual drone budgets.
- He cited emergency procurement plans in the Rs 10,000 to 12,000 crore range.
- Zuppa is also developing interceptor drones intended to operate as loitering munition swarms.
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