In a significant boost to India's defense technology sector, Noida-based drone startup Raphe mPhibr has successfully raised $100 million in a Series B funding round. The all-equity round, led by General Catalyst, marks a pivotal moment for the company as it aims to capitalize on the soaring demand for military unmanned aerial vehicles (UAVs) both domestically and globally.
Founded with a focus on innovative drone solutions, Raphe mPhibr has quickly emerged as a key player in the UAV market. The company specializes in developing advanced drones for defense applications, including cargo delivery in high-altitude terrains and swarm drone technology. This latest funding will enable Raphe to scale its research and development efforts and expand its manufacturing capabilities at its upcoming campus in Noida Phase-2 SEZ.
The timing of this investment aligns with India's growing emphasis on self-reliance in defense manufacturing under the AtmaNirbhar Bharat initiative. With the Indian Army already placing orders for Raphe’s drones, such as the 48 swarm drones in 2021 for fast-track delivery, the startup is well-positioned to meet the needs of modern warfare, where drones play a critical role in surveillance and logistics.
Industry experts note that the global UAV market is experiencing explosive growth, driven by increasing defense budgets and the need for advanced reconnaissance tools. Raphe mPhibr’s ability to deliver cutting-edge technology has also attracted international interest, with the company recently signing an agreement with a German defense giant to explore collaborative opportunities.
This funding round comes at a time when Indian startups are gaining traction in the defense and technology sectors, despite a reported 25% decline in overall startup funding in the first half of 2025. Raphe mPhibr’s success story underscores the potential for niche, high-impact innovations to thrive amidst broader market challenges.
As Raphe mPhibr gears up for its next phase of growth, the company aims to solidify its position as one of India’s largest UAV manufacturers. With a focus on enhancing strategic capabilities for the armed forces, this $100 million infusion is set to propel the startup into a new era of innovation and impact in the defense industry.
Maria Lourdes
