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Aamir Khan, Ranbir Kapoor pick up minority stakes in IPO-bound DroneAcharya Aerial Innovations

Aamir Khan, Ranbir Kapoor pick up minority stakes in IPO-bound DroneAcharya Aerial Innovations

Besides Sharma and the Bollywood actors, Mangina Srinivas Rao (previously associated with ITC e-Chaupal and Bill and Melinda Gates Foundation, India) also took a stake in the company, a company press release suggested

A few angel investors, including Jay Vishwanathan, VC Kartik and Samit Bhartia, have also invested in the company A few angel investors, including Jay Vishwanathan, VC Kartik and Samit Bhartia, have also invested in the company

Bollywood celebrities Aamir Khan and Ranbir Kapoor, and market veteran Shankar Sharma, among others, have picked up minority stakes in DroneAcharya Aerial Innovations in the Pre-IPO round.  The company recently filed its draft red herring prospectus (DRHP) for SME IPO.

Other than Sharma and the Bollywood actors, Mangina Srinivas Rao (previously associated with ITC e-Chaupal and Bill and Melinda Gates Foundation, India) also took a stake in the company, a company press release suggested. 

The Pune-headquartered company is India’s first integrated drone ecosystem start-up to seek a listing on BSE SME Exchange.

“Being a 40-plus people team, we are now embarking on a 2.0 vision of growth and value creation – with our listing plans and investment plans fortified. We are proud to be the first drone start-up in India to aim for listing and take the drone ecosystem in the country to the next level in the future,” said Prateek Srivastava, Founder & Managing Director at DroneAcharya Aerial Innovations.

A few angel investors, including Jay Vishwanathan, VC Kartik and Samit Bhartia, have also invested in the company.  Other investors include Harshal Morde, an angel investor in media and entertainment-focused start-ups, and Ashish Nanda, Founder & Managing Director of Innovations Group, a UAE-based business conglomerate.

Recently, DroneAcharya Aerial announced its plans to acquire 100-plus new drones as a part of its expansion plan. The company plans to train 500 plus pilots and 25 instructors annually starting in 2023.

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Published on: Nov 04, 2022, 3:25 PM IST
Posted by: Priya Raghuvanshi, Nov 04, 2022, 3:17 PM IST
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