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Startup Street: Unmanned aerial vehicle manufacturer ideaForge raises Rs 15 crore; CEO Ankit Mehta decodes details

Updated : March 02, 2021 09:13:55 IST

Unmanned aerial vehicle manufacturer ideaForge has raised capital, in both debt and equity, as it looks to service its large order book, with the most recent contract worth $20 million coming from the Indian Armed Forces.

The company has on Tuesday announced that it raised Rs 15 crore of debt from alternative credit platform Blacksoil. CNBC-TV18’s Mugdha Variyar spoke to Ankit Mehta, CEO of ideaForge, to discuss what these developments mean for the company.

Also, to discuss the growth opportunity of SAAS enterprises, CNBC-TV18’s Shruti Mishra spoke to Jayant Paleti, co-founder of Darwinbox, which is a cloud-based SAAS HR technology platform that caters to an organization's HR needs across the entire employee life cycle.

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