Raphe mPhibr Pavillion at Paris Air Show 2025.
Veritas Legal Advises Raphe mPhibr on $100 Million Fundraise, Bolstering India’s Defense Tech Sector: Noida, India – June 30, 2025 – Raphe mPhibr Private Limited, a pioneering Indian defense-tech and aerospace company, has successfully secured a significant $100 million in a primary funding round. This substantial investment, led by prominent venture capital firm General Catalyst, alongside Think Investments and several high-net-worth individual (HNI) investors, is set to propel the Noida-based startup’s advancements in unmanned aerial vehicles (UAVs), commonly known as drones.
The successful fundraise underscores growing investor confidence in India’s burgeoning defense technology sector and Raphe mPhibr’s pivotal role within it. The company gained notable recognition for its drones, which were reportedly utilized in “Operation Sindoor,” highlighting its operational capabilities and contribution to national defense.
Adv Manav Raheja, Veritas Legal.
Veritas Legal, an Indian law firm, played a crucial advisory role in this landmark transaction. The firm represented and provided comprehensive counsel to Raphe mPhibr Private Limited and its founders throughout the funding round. Their assistance spanned strategic advisory, meticulous drafting and negotiation of transaction documentation, and general counsel services, ensuring a smooth and legally sound investment process. The Veritas Legal transaction team was expertly led by Senior Partner Manav Raheja, whose guidance was instrumental in navigating the complexities of the deal.
Raphe mPhibr specializes in the manufacturing of UAVs/drones, catering to a diverse range of defense and aerospace applications. The company’s product portfolio is extensive, ranging from lightweight, agile surveillance drones designed for reconnaissance and monitoring, to high-endurance, heavy-lift logistics drones capable of transporting significant payloads. This versatility positions Raphe mPhibr as a key player in providing cutting-edge solutions for various operational needs within the defense landscape.
This $100 million infusion of capital is expected to significantly accelerate Raphe mPhibr’s research and development initiatives, enhance its manufacturing capabilities, and expand its market reach. It signals a robust future for the company as it continues to innovate and contribute to India’s self-reliance in defense technology.
Raphe mPhibr Pavillion.
