[Funding News] TechEagle Raises Bridge Round led by Navam Capital

The on-demand drone delivery company TechEagle has declared the closing of its bridge round of investment. Inflection Point Ventures and Navam Capital co-led the investment.

Vijay Shekhar Sharma, founder, Paytm, took part in the fundraising through VSS Investco, his 100% owned company. The goal of the new funding round is to assist TechEagle in developing and introducing drones with larger payloads for mid- and inter-city delivery.

Read also - Sorin Investments Closes Maiden Early-Stage VC Fund at Rs 1,350 Cr

Tushar Jani, co-founder of BlueDart Express Limited, and Ajoy Khanderia, founder of Gramin Healthcare, are among the prominent investors and businesspeople who have provided the company with significant support. The belief in TechEagle's ability to transform logistics through cutting-edge drone technology is demonstrated by this sponsorship.

Vinay Bansal, Founder & CEO, Inflection Point Ventures, said: “TechEagle’s innovative drones are set to revolutionise logistics accessibility in both urban and semi-urban areas… IPV is committed to supporting ventures like TechEagle to witness the positive impact of technology in the logistics industry,”

Vikram Singh Meena, Founder & CEO, TechEagle, said: “This funding will fuel our efforts to launch higher payload drones for mid-mile and inter-city deliveries, further solidifying our position as a frontrunner in the drone logistics industry,”

About TechEagle

Founded in 2017 by Vikram Singh and Anshu Abhishek, TechEagle is enabling last-mile goods(Healthcare products, Food, Parcels, etc.) delivery via DRONEs.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.