Marut Drones plans to raise $4million by March 2024 in first fundraise

Hyderabad-based startup Marut Drones has opened a new facility in Madhapur and is seeking $4m in its first funding round. The facility, which covers 9,000 sq ft, will serve as the company's corporate office and will support production, technology, and research and development. Marut Drones, which was established in 2019, is currently in talks with domestic and international investors to secure funding by March 2024. The funds will be used for business expansion, agri-tech innovations, enhancing the drone lineup, and expanding into new markets in India.