1. A 21 year old's drone startup has raised Rs 325 crore

A 21 year old's drone startup has raised Rs 325 crore

Technology

  • Naman Pushp founded Airbound in Bengaluru when he was 15, and the company has now raised $37 million.
  • Greenoaks led the funding round, with DoorDash, Lightspeed, Lachy Groom and Humba Ventures also participating, less than a year after Airbound's seed funding.
  • The funding will support Airbound's drones, which take off and land vertically like a rocket before transitioning to horizontal flight like a plane.
  • Airbound aims to make its drones lighter than the cargo they carry, helping the company move goods at a cost comparable to trucking.

Source: techcrunch.com

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