MS Dhoni invests Rs 4 crore in IPO-bound drone startup Garuda Aerospace
MS Dhoni has increased his investment in the drone start-up Garuda Aerospace, which is preparing for an IPO. While the exact amount of the investment has not been publicly disclosed, sources indicate that Dhoni has invested Rs 4 crore, raising his stake in the company to 1.1%.
“I am proud to be part of Garuda's journey as they expand globally and make a positive impact on agriculture, defence, Industry 4.0, and the consumer drone sector,” Dhoni stated.
Agnishwar Jayaprakash, the Founder and CEO of Garuda Aerospace, expressed his admiration for Dhoni, saying, «Mahi Bhai has inspired all of us at Garuda Aerospace. His encouragement and unwavering support motivate each of us to deliver our best.»
“From being a fan to a founder, I have always admired MS Dhoni. His influence on emerging drone technology is immense. Mahi Bhai represents a successful story for rural youth, and both agricultural and consumer drones resonate well with our target market. His star power has enabled Garuda to reach the farthest corners of India,” Jayaprakash added.
Garuda Aerospace was the first drone start-up to obtain dual certifications from the DGCA for both manufacturing and training. With a 50% market share, the company has established itself as a leader in the agricultural and consumer drone sectors and is now looking to expand globally.
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