Defence Electronics Startup Sanlayan Raises Rs 186 Cr in Series A Round

Sanlayan Technologies, an aerospace and defence startup, has secured Rs 186 crore in a Series A funding round. 

The funding round was led by marquee investors Ashish Kacholia, Lashit Sanghvi, and Jungle Ventures, with participation from existing investors Gemba Capital, Singularity Ventures, and new investor Shastra VC.

The startup plans to use the funds to increase its engineering headcount fivefold in the next six months.

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The startup is hiring experts in various fields, including R&D scientists, retired armed forces personnel, and senior leaders from both government and private defence companies.

In march 2024, Sanlayan raised Rs 36 crore from Singapore-headquartered Jungle Ventures. The company also acquired a majority stake in Dexcel Electronics, an ESDM firm known for its work on major programs like Jaguar, Sukhoi, LCA Tejas, and Chandrayaan-3.

“Sanlayan’s ability to execute at both operational and strategic levels has been outstanding. The revenue ramp-up at Dexcel, combined with strategic capital and Sanlayan’s operating discipline, reinforces our confidence in their ability to scale sustainably across the defence electronics value chain,” said Rishab Malik, Partner at Jungle Ventures.

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“India’s defence sector is at a once-in-a-generation inflection point. We will continue to acquire capabilities both organically and inorganically. We are allocating capital for suo motu development of critical technologies for CUAS and EW systems. In the last six months, we have strengthened Dexcel’s design and manufacturing capabilities and are now gearing up to execute large-scale indigenisation and upgrade programs,” said Rohan Gala, Co-founder & CEO of Sanlayan.

About Sanlayan 

Founded in 2023 by former Zetwerk employees Abhijit Kothawale, Rohan Gala, and Rahul Vamsidhar, Sanlayan focuses on designing and developing advanced electronic systems like radar, electronic warfare tools, and mission-critical avionics.

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