Indian drone startup Raphe mPhibr raises $100M as military UAV demand soars

Indian drone startup Raphe mPhibr has secured $100 million in an all-equity Series B funding round led by General Catalyst to enhance its research and development and expand local production amid rising military drone demand. The startup, founded in 2017 by siblings Vikash and Vivek Mishra, aims to bolster India’s indigenous drone capabilities in the face of increasing battlefield and border surveillance needs, especially following the India-Pakistan conflict that prompted India to triple its drone budget to $470 million. Raphe mPhibr currently offers nine drone models with payload capacities from 4.4 to 441 pounds and ranges of 12 to 124 miles, serving over 10 Indian government agencies, including the Army, Navy, Air Force, and various armed police forces. The company has grown from a small 2,000-square-foot research facility to a 650,000-square-foot combined research and manufacturing center, producing most drone components domestically such as flight controllers, batteries, and structural materials