Drone technology startup Marut Drones has secured $6.2 Mn (around INR 52.1 Cr) in a Series A funding round from Lok Capital.
The Hyderabad-based startup plans to deploy the fresh capital to support tech-enabled food and agriculture business models.
Apart from this, the proceeds will also be used for the development of advanced agricultural drones, expansion of channel partner network and service centres into Tier I and Tier II to serve rural customers, the company said in a statement.
The startup is also planning to set up drone agriculture service hubs to offer Drone-as-a-Service with a partnership approach.
Founded by three IIT alumni Prem Kumar Vislawath, Sai Kumar, Suraj Peddi in 2019, Marut Drones develops drone-based agri-intelligence and agri-automation solutions for precision agriculture.
(The story will be updated soon)
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