Get All Access for $5/mo

Drone Startup PDRL Secures INR 3.5 Crore In Pre-series A Funding The new funding will be used to invest in new customer acquisitions, expand the team and scale operations to meet growing demand for PDRL's AeroMegh platform

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Passenger Drone Research Pvt.Ltd (PDRL), a drone software product company, has concluded its pre-Series A funding round, raising INR 3.5 crore to advance and expand its range of drone software products. The funding round was led by Marquee investors from Bestvantage Investments, and supported by BizDateUp and others, with participation from several other prominent investors in the technology and drone industries. The new funding will be used to invest in new customer acquisitions, expand the team, and scale operations to meet growing demand for PDRL's AeroMegh platform.

"We are thrilled to have the support of investors as we take PDRL to the next level. Our innovative drone software products have the potential to transform industries across the board, and this funding will enable us to accelerate our development and expand our reach," said Anil Chandaliya, CEO, PDRL.

The company's proprietary software platform called AeroMegh enables autonomous flight and data capture and data analytics leading to increased efficiency and cost savings for its customers. While creating the social values, PDRL is aiming to generate wealth of $15 billion in next 12 years for its people, partners, and investors, stated the company in an official statement.

"We are excited to partner with PDRL to provide actionable insights on drone data through AeroMegh Drone Data Analytics platform. Their cutting-edge solutions have the potential to disrupt traditional industries and create new opportunities for businesses worldwide. We look forward to supporting their growth and success," said Raman Sharma, founder and CEO, Bestvantage Investments.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

Battery Smart Raises USD 65 Mn in Series B to Boost EV Battery Swapping Network

Orios Venture Partners achieves a 29x return with a strategic partial exit from Delhi-based EV startup, enhancing early-stage investment success.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Money & Finance

Avoid These 10 Mistakes Entrepreneurs Make with Money

Despite the challenging statistic that only 5% of startups survive beyond five years, common financial pitfalls often contribute to their failure. Through personal observation, I've identified the prevalent financial mistakes made by entrepreneurs.

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

Thought Leaders

4 Steps You Need to Follow to Make It Through Any Crisis With Your Company Intact

The steps we take before a crisis define our team's future resilience in the face of one. Here's what you need to do to prepare for a crisis of any kind at any time.

Leadership

How His Personal Battle With Cancer Inspired This Founder's Solution for Patient Care

On this episode of "The Founder CEO," Michael O'Neil, founder and CEO of GetWellNetwork, discusses his inspiring journey as a leader and the transformative role of AI in healthcare.