Drone-tech startup IG Drones has successfully raised $1 million in a seed funding round, with India Accelerator leading the investment and participation from other angel investors. According to the company’s press release, this fresh funding will help drive research and development, with a strong focus on creating cutting-edge drone solutions tailored specifically for defense applications.
Founded in 2018 by Bodhisattwa Sanghapriya and Om Prakash, IG Drones specializes in offering a wide range of drone-based services, including surveying, mapping, and inspection. Their expertise spans industries such as powerline monitoring, bridge inspection, solar plant and pipeline inspection, railway services, and agricultural surveys.
The Indian drone market is experiencing rapid growth, with projections estimating it will reach Rs 2.5 trillion by 2030, according to market research. IG Drones is well-positioned to capitalize on this expansion, with a flagship product, the AI-powered Jaga drone, known for its precision performance, as well as a 5G drone in development.
IG Drones is also making strides in agriculture with its Kisaan drone, designed to offer innovative solutions for farmers. These developments underline the company’s commitment to using cutting-edge technology across various sectors, driving innovation and operational efficiency.
Headquartered in Delhi, IG Drones has forged significant partnerships, including collaborations with the Indian Army, multiple state governments, and over 100 large enterprises. The company has executed more than 500 projects to date and has also launched India’s first indigenously developed simulator, the ‘IG Military Simulator,’ to further its reach in the defense sector.
While IG Drones is proliferating, it faces competition from other players in the Indian drone market, such as Ideaforge and Drona Aviation. These competitors, however, only highlight the increasing potential and opportunities in the drone technology space.
