BotLab Dynamics’ Vayudh bags $10 m in funding led by Dharana Capital

Founded in 2016, Vayudh builds indigenous drone platforms for real-time battlefield intelligence, surveillance, and reconnaissance.
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istock
Defence tech start-up Botlab Dynamics’ defence vertical, Vayudh, has raised $10 million in a funding round led by Dharana Capital. The company aims to utilise the funds to deepen its R&D capabilities, expand manufacturing infrastructure, and accelerate deployments with India’s Defence forces.
The round also saw participation from Zomato CEO, Deepinder Goyal. Other investors in this round include Ajay Aggarwal, MD of Action TESA, Sumit Jalan, LetsVenture, and Navam Capital. Founded in 2016, Vayudh builds indigenous drone platforms for real-time battlefield intelligence, surveillance, and reconnaissance.
“The funding marks a pivotal step in our journey to develop indigenous, cutting-edge defence drone technology of global standards. We remain focused on deepening our R&D pipeline and scaling manufacturing to meet growing demand from India’s defence sector,” said Tanmay Bunkar, CEO, Vayudh.
Botlabs Dynamics had earlier raised $4.02 million in 6 rounds of funding and generated a revenue of ₹38.4 cr in FY24. Past investors include Florintree Advisors and FITT, among others.
Vamsi Duvvuri, Founder & Managing Partner, Dharana Capital said, “India’s rising defence spend and push for indigenisation have opened a rare window to build world-class defence tech locally. The Vayudh team brings exceptional technical depth in drone technology – their swarming tech is field-tested, mission-ready, and built in India. We are excited to be part of their growth journey.”
In May of this year, the company launched Atri, India’s first nano drone tailored for precision surveillance and reconnaissance operations. Its top competitors include companies like UVify, Verge Aero and Qianji Show.
(With inputs from BL intern Rohan Das)
Published on April 22, 2025
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