Defence Robotics Startup Sharang Shakti Secures Rs 5 Crore in Pre-Seed Funding Round
Gurugram-based Defence robotics startup, Sharang Shakti, has received Rs 5 crore in a pre-seed funding round co-led by Amsterdam-based AUM Ventures and Venture Highway, along with participation from JK Group’s family office and other angel investors. The funding will be utilised for product development and expanding the team.
Sharang Shakti, co-founded in 2023 by Karan Goyal, Chirag Singla, Jitendra Singh, Gaurav Kumar, and Rishabh Choudhary, aims to innovate in airspace surveillance and airborne threat mitigation. The company is currently developing an anti-drone system that detects, tracks, and neutralises hostile drones, marking the beginning of several products in its pipeline.
The company is striving to build a comprehensive technology stack to enable the development of a broad range of robotic systems for defence applications, with an aim to emerge as the next-generation Lockheed Martin from India.
News organisations have lately highlighted the growth of the Indian defence sector, with a focus on the increasing investments in R&D and the expansion of startups specialising in defence-related technologies.
Key Quotes
- Co-founder Karan Goyal said, “This funding will help us not only to strengthen our existing talent pool but also bring on board talent as we enter the next phase of growth.”
- Ankush Tiwari, from AUM Ventures, mentioned, “We are eager to partner with startups at an early stage, and the potential we see in Sharang Shakti to innovate and make an impact in the field of defence technology is undeniable.”
Background
Indusbridge Ventures recently partnered with US-based FedTech to introduce the ‘I2A Launchpad’ program. This initiative is designed to foster and support dual-use startups that blend technology with other industries to create innovative solutions.
