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HomeBusiness NewsDare Ventures invests in drone start-up Dhaksha

Dare Ventures invests in drone start-up Dhaksha

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Fertiliser maker Coromandel Worldwide’s enterprise capital arm Dare Ventures has invested an undisclosed quantity in drone start-up Dhaksha Unmanned Techniques.

Chennai-based Dhaksha supplies a variety of unmanned aerial programs (UAS) expertise options for various functions masking agriculture, defence, surveillance and supply. It plans to make use of the funding for expertise acquisition, analysis and improvement in addition to manufacturing scale up, Dare mentioned on its third funding this yr in a differentiated drone start-up.

Coromandel, which intends to quickly launch a ‘Drone as a Service’ mannequin, had earlier partnered with Dhaksha to undertake a number of pilot programmes of drone-based nutrient and crop safety functions. “Our funding in Dhaksha underscores Coromandel’s dedication to assist Indian farmers entry newest applied sciences in agriculture. We imagine drones will probably be a recreation changer in rising adoption of water-soluble fertilisers, liquid fertilisers, nano fertilisers, along with crop safety merchandise in India,” mentioned Sameer Goel, Director, Dare Ventures.

Dhaksha Director and CEO Ramanathan Narayanan mentioned the funding will assist the start-up create a number of milestones, ship world-class drones, provide distinctive assist to clients throughout the nation, and make the corporate a frontrunner in realising the federal government’s imaginative and prescient of creating India a world hub for drones. Along with having developed functionality to fabricate battery-operated drones, Dhaksha is the one firm within the nation to fabricate petrol engine-based drones, Dare mentioned in a launch on Wednesday.

By- The Hindu

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