Indian drone startup Raphe mPhibr raises ₹857.5 crore
Indian drone startup Raphe mPhibr has raised $100 million (₹857.5 crore) in an all-equity Series B round led by General Catalyst. This marks the largest private capital raise in the country's aerospace manufacturing sector to date. This comes amid India's intensified drone deployment following the recent India-Pakistan conflict, which triggered a spike in battlefield drone usage.