FundTQ served as the exclusive advisor for Garuda Aerospace, a leading drone solutions company, facilitating two significant funding rounds. In February 2023, Garuda Aerospace successfully raised $22 million in Series A funding led by SphitiCap, followed by another $3 million funding round in October 2023, led by Venture Catalysts, WFC, HEM Angels, Peaceful Progress, and SAN.
Established in 2020, FundTQ is known for its continuous innovation in financial products and services, tailored to meet the evolving needs of clients and the market. The firm specializes in comprehensive research and analysis of companies and markets, empowering clients to stay ahead of trends and capitalize on new investment opportunities. This expertise proved invaluable for Garuda Aerospace’s investors, enabling them to make well-informed decisions and maximize their returns.
India’s drone industry has witnessed remarkable growth, driven by the country’s expansive landscape and the rising demand for technological advancements. The increasing applications of drone technology in sectors such as surveillance, logistics, agriculture, and delivery services have led to a surge in drone startups and solutions in India.
Despite the industry’s potential, funding opportunities in the drone sector have been relatively limited. FundTQ, with its global presence, not only provides access to international markets but also offers a wide array of investment opportunities. The firm boasts a team of financial experts who provide guidance on various financial matters, including valuation, market trends, risk management, investment opportunities, and M&A taxation advisory.
FundTQ’s impressive track record includes successful deals for companies like Garuda Aerospace, Nauti Nati, Arata, Yuva Pay, Natilene, EasyERP, and Recibo, among others, since its inception in 2020. As a renowned investment advisory firm, FundTQ played a pivotal role as Garuda Aerospace’s exclusive advisor, assisting in fundraising efforts for projects, expansions, mergers and acquisitions, and other business ventures.
With its profound understanding of the investment landscape and extensive network of investors, FundTQ aims to democratize deal-making in India. The firm focuses on Seed, Pre Series A to Series A deals, striving to become the leading platform in this sector. Aanchal Malhotra, Founder and CEO of FundTQ, emphasized the firm’s unique approach compared to established entities like Avendus, EY, Deloitte, and other boutique investment banks. She emphasized FundTQ’s distinction as a tech-enabled investment platform, automating critical aspects like business valuation, pitch deck creation, and investor selection. These processes are streamlined to take just 10 minutes with a simple click, enhancing efficiency and accessibility in deal-making. FundTQ closes complex transactions successfully due to its deep understanding of intricate industries, strong investor relationships, and focused mentorship.
Regarding Garuda Aerospace’s funding, Aanchal Malhotra expressed optimism about the company’s future prospects. The investment infusion will enable Garuda Aerospace to accelerate its growth plans and diversify its range of products and services. Garuda Aerospace strategically focuses on developing drone-based solutions for defense, agriculture, and infrastructure industries. This positions them well to capitalize on significant market opportunities.