IG Defence Raises $5 Million in Pre-Series A Funding
IG Defence, a company specializing in indigenous drone technology in India, has successfully secured $5 million in a Pre-Series A funding round. The funding round, which took place on March 18, 2026, was led by India Accelerator with participation from Finvolve.
Company Background
Founded by Bodhisattwa Sanghapriya, who serves as the CEO, and Shuvam, the Co-Founder and Chief Revenue Officer, IG Defence focuses on developing and providing drone-related services. These services include surveying, mapping, and reconnaissance, which have been utilized in various operations, including governmental projects like Operation Sindoor.
Use of Funds
The newly raised capital will be used to scale up IG Defence's operations and enhance its drone technology solutions. The company aims to expand its capabilities in providing comprehensive drone services, which are crucial for both commercial and governmental applications.
Investors and Their Role
India Accelerator led the funding round, with Finvolve also participating. This injection of capital is expected to bolster IG Defence's growth plans, allowing it to refine its technology and expand its market reach.
Future Outlook
With the fresh funding, IG Defence is poised to strengthen its position in the drone technology sector. By focusing on scaling up its operations, the company is set to meet increasing demand for advanced drone solutions in various sectors, including defense and commercial applications.
This funding round marks a significant step for IG Defence as it continues to innovate and expand its technological offerings in the rapidly evolving drone industry.