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India Digest: Inc 5 Shoes, Garuda Aerospace, Husk Power raise funding

Inc.5 Shoes has raised its maiden institutional funding, Garuda Aerospace has bagged $3 million, and Husk Power Systems has closed $43 million in Series D.

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Garuda Aerospace raises Rs 25 crore from Venture Catalysts, WeFounderCircle, others

The funding saw participation of other investors including San Angels and Hems Angels. The company plants to use the funds raised towards working capital requirements.

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Garuda Aerospace Raises Rs 25 Cr For Working Capital To Execute Order Book

Garuda Aerospace Raises Rs 25 Cr For Working Capital To Execute Order Book
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Garuda Aerospace raises Rs 25 cr for working capital to execute order book

With a confirmed order for 400 drones from Indian Farmers Fertiliser Cooperative Limited (IFFCO) and about 10,000 pre-bookings from various dealers, drone maker Garuda Aerospace has raised Rs 25 crore from investors for working capital and .

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garuda aerospace: Drone maker Garuda Aerospace raises Rs 25 crore from Venture Catalysts, others

The company would allocate the funds towards working capital requirements, execution of the IFFCO (Indian Farmers Fertilisers Cooperative Ltd) drone order and fulfilling the pre-booked orders.

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