Brief synopsis of three startups: Garuda Aerospace, QpiAI, and EcoRating.

1. Garuda Aerospace

India’s leading drone manufacturer with 30 models and 25% market share. Asset-light, recession-proof model with major partnerships (Lockheed Martin, Intel, Amazon). Filed 23 patents (19 granted). Launched Garda Droni post-China drone ban. Trained 2000+ DGCA-certified pilots.

Key Numbers:

• ₹300 Cr contracts for FY 24-25, $43M orders for 8000 drones
• 24% EBIDTA, 17% PAT margin
• Won $5M IFFCO order

2. QpiAI

Quantum computing firm offering Quantum-as-a-Service (QCaaS) and developing full-stack superconducting transmon qubit systems. Focused on near-term & fault-tolerant quantum computing. Recognized with APK India, NASSCOM Emerge 50 awards.

Key Numbers:

• ₹30 Cr revenue in 5 years
• 25-qubit launch in Q4 2024, scaling to 300 qubits
• Raised $6.5M (pre-Series A), targeting $20M (Series A)

3. EcoRatings

Gen AI platform enhancing sustainability through ESG insights. Clients include Radio Mirchi, Yamaha, and LT Foods. Developing a 20T-token AI model for sustainability.

Key Numbers:

• 15+ corporate clients, 16 partnerships in pipeline
• ₹65L revenue till Dec 2024
• ₹4.23 Cr fundraised to date