TechEagle Secures Funding from Top Investors for Drone Delivery Expansion

TechEagle secures new funding from Navam Capital, IPV, and Vijay Shekhar Sharma's VSS Investco.

  • TechEagle secures new funding from Navam Capital, IPV, and Vijay Shekhar Sharma’s VSS Investco.
  • The funding will help TechEagle expand its drone delivery operations across India.
  • TechEagle focuses on BVLOS drone technology for efficient last-mile logistics.

TechEagle, a leading player in India’s drone logistics market, has raised new capital in a bridge funding round co-led by Navam Capital and Inflection Point Ventures (IPV). The round also saw contributions from prominent investors like Paytm founder Vijay Shekhar Sharma through VSS Investco and existing investors such as Venture Catalysts.

This funding round demonstrates strong investor confidence in TechEagle’s mission to transform last-mile delivery in India. With support from industry veterans like Tushar Jani, co-founder of BlueDart Express, and Ajoy Khanderia, founder of Gramin Healthcare, TechEagle is well-positioned to scale its operations nationwide.

TechEagle specializes in Beyond Visual Line of Sight (BVLOS) drone operations, using its fleet of Made in India drones for autonomous deliveries. The company has built an impressive client base, including AIIMS, various state governments, and the World Bank. Founder and CEO Vikram Singh Meena highlighted their focus on expanding operations, launching higher payload drones, and solidifying their leadership in the Indian drone logistics landscape.

This funding comes at a crucial time for the drone delivery sector in India, with recent deregulations and government incentives driving rapid industry growth. TechEagle is set to capitalize on this momentum and further revolutionize last-mile logistics with its innovative drone technology.