Indian Drone Startup Raphe mPhibr Secures $100M to Boost Military UAV Production
Raphe mPhibr, an Indian drone startup, has raised $100 million in a Series B funding round led by General Catalyst, with participation from existing investor Think Investments. The all-equity investment will support enhanced R&D and expanded local manufacturing to meet rising demand for military drones used in battlefield operations and border surveillance. Drones have become critical in global military strategies, exemplified by their extensive use in the recent India-Pakistan conflict, prompting India to increase its drone budget[…]