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India has seen a significant growth in drone startups, with a 153% increase in the last three years, surpassing the UK and China.
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The country now has 398 drone startups, with the top startups receiving an average funding of $19.4 million.
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Despite the growth, Indian drone startups still lag behind others in terms of funding, with Israel and China receiving significantly more.
India has become a hotspot for drone startups, with a surge in new ventures in the past three years. According to data from Tracxn, the number of drone startups in India has more than doubled since 2021, when the government relaxed norms on registration and licensing. This growth has surpassed that of the UK and China, making India an attractive destination for drone innovation.
The Indian government’s supportive policies have contributed to this growth, making it easier for startups to operate and receive funding. However, despite this progress, Indian drone startups still face challenges in terms of funding, with the average funding received by top startups being significantly lower than that of other countries like Israel and China.
