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ideaForge has raised $29.3M across 3 funding rounds.
Key people at ideaForge.
ideaForge was founded in 2007 by Ashish Bhat (Co-Founder & CTO) and Ankit Mehta (Co-Founder & CEO) and Rahul Singh (Founder & CTO).
ideaForge has raised $29.3M in total across 3 funding rounds.
ideaForge designs, manufactures, and operates advanced unmanned aerial vehicles (UAVs) and drone systems from its base in Mumbai, Maharashtra, India. Specializing in indigenous development of Vertical Take-off and Landing (VTOL) technology, the company serves defense, intelligence, surveillance, reconnaissance (ISR), and civil applications. In 2023, ideaForge was ranked 5th among the world's top dual-use drone manufacturers, a testament to its technically superior, cost-effective, and user-friendly systems. With over 700,000 successful missions completed, ideaForge made history as India's first publicly listed drone manufacturer, closing its IPO on BSE and NSE in July 2023. Its systems are widely deployed by Indian armed forces and security agencies, supported by early funding from Qualcomm Ventures. Founded in 2007 by IIT Bombay alumni Ankit Mehta, Ashish Bhat, Rahul Singh, and Vipul Joshi, ideaForge has nearly two decades of deep technological focus.
Key people at ideaForge.
ideaForge has raised $29.3M across 3 funding rounds. Most recently, it raised $7.3M Other Equity in June 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 16, 2023 | $7.3M Venture Round | — | 360 ONE Asset, Motilal Oswal Mutual Fund, Tata AIG General Insurance, Think Investments PCC | Announced |
| May 1, 2022 | $20M Series B | Mathew Cyriac | — | Announced |
| Mar 2, 2021 | $2M Debt Financing | Ankur Bansal | — | Announced |
ideaForge was founded in 2007 by Ashish Bhat (Co-Founder & CTO) and Ankit Mehta (Co-Founder & CEO) and Rahul Singh (Founder & CTO).
ideaForge has raised $29.3M in total across 3 funding rounds.
ideaForge's investors include 360 ONE Asset, Motilal Oswal Mutual Fund, Tata AIG General Insurance, Think Investments PCC, Mathew Cyriac, Ankur Bansal.
