About IoTechWorld
IoTechWorld is an Aerospace, Defense & Maritime company based in Gurugram (India) founded in 2017 by Anoop Kumar Upadhyay and Deepak Bhardwaj. Drones are manufactured for agriculture, surveying, logistics, surveillance, and monitoring. IoTechWorld has raised $4.01 million across 2 funding rounds from investors including Dhanuka Agritech and KiaOra Ventures. The company has 21 employees. IoTechWorld was last valued at $24.25 million in February 2023. Its Indian entity Iotechworld Avigation Private Limited reported revenue of ₹59.24 Cr. Its focus areas include High Tech, Drones, Commercial Drones and Multi Utility. Its competitors include ideaForge, Marut Drones and Newspace Research and Technologies; 3 of its 3 listed competitors have raised funding.
Company details
IoTechWorld was founded in 2017 and is based in Gurugram, India. Drones are produced by the company for applications in agriculture, surveying, logistics, surveillance, and monitoring. Solutions are engineered to address industry-specific requirements, including Agribot models for precision farming, Surveybot for mapping and land surveys, Heavybot for delivery operations, and Drishti for security tasks. Operations focus on technology integration across these sectors.
- Headquarters Gurugram, India
- Employees 21
- Founders Anoop Kumar Upadhyay, Deepak Bhardwaj
- Stage Minicorn
- SectorsAerospace, Defense & Maritime
- Email••••••••
- Phone•••• ••••
- Website iotechworld.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Iotechworld Avigation Private Limited
- Date of Incorporation 17 Apr, 2017
- Jurisdiction Gurugram, Haryana, India
- Annual Revenue₹59.24 Cr
FY 2025 · -35% YoY
- Net Profit₹7.83 Cr
FY 2025 · 13% margin
- EBITDA₹12.28 Cr
FY 2025 · 21% margin
- Total Equity Funding$4.01M (USD)
in 2 rounds
- Latest Funding Round$1.23M (USD), Seed
Feb 2023
- InvestorsDhanuka Agritech
& 1 more
- Employee Count21
Associated legal entities of IoTechWorld
IoTechWorld operates through Iotechworld Avigation Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Iotechworld Avigation Private Limited CIN U74999HR2017PTC068600 | Active | 17 Apr 2017 | Narsinghpur, Haryana | ₹59.2 Cr | 21 | 3 | View details |
Apps and channels of IoTechWorld
IoTechWorld publishes 1 mobile app with over 1K+ downloads; its YouTube channel IoTechWorld Avigation has 1.74K subscribers and 30 videos.
Videos from IoTechWorld
The most watched videos on IoTechWorld's YouTube channel, IoTechWorld Avigation (1.74K subscribers). Click a video to play it here.
More on IoTechWorld Avigation.
Funding Insights of IoTechWorld
IoTechWorld has successfully raised a total of $4.01M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.23 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4.01M
- Total Rounds 2
- Last Round Seed — $1.23M
- First Round $2.78M
(Sep 2021)
- Investors Count 2
All 2 funding rounds of IoTechWorld with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2023 | $1.23M | Seed | $24.25M | – | |
| Sep 2021 | $2.78M | Seed | $26.07M | Dhanuka Agritech |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2023 | $24.25M | •••••••• |
| Sep 2021 | $26.07M | •••••••• |
Last known valuation $24.25M (Feb 2023). 2 investors in total: 2 institutional.
Investors in IoTechWorld
IoTechWorld has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Dhanuka Agritech and KiaOra Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment and consulting firm supporting startups and organizations through strategic funding and development services. | kiaoraventures.com | Gurugram, India | ||
Agrochemicals for crop protection and plant nutrition are manufactured. | 1980 | dhanuka.com | Gurugram, India |
Investor details for IoTechWorld
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Iotechworld Avigation Private Limited (IoTechWorld)
Iotechworld Avigation Private Limited is the primary company behind IoTechWorld. The board of Iotechworld Avigation Private Limited currently have 3 directors; the longest-serving is Anoop Kumar Upadhyay, appointed in 2021. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anoop Kumar Upadhyay DIN 09098983 | Whole-time director | 06 Jul 2021 | 5 yrs 3 mo | Iotechworld Avigation Private Limited |
| Deepak Bhardwaj DIN 06802650 | Whole-time director | 06 Jul 2021 | 5 yrs 3 mo | Iotechworld Avigation Private Limited |
| Vinod Kumar Bansal DIN 06896949 | Director | 04 Sep 2021 | 5 yrs 1 mo | Iotechworld Avigation Private Limited |
People of IoTechWorld
13 people are tracked at IoTechWorld (4 in leadership, 9 in team); the tracked headcount is 21.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director | Leadership | |
| Co-Founder & Director | Leadership | |
Mannudev Saini | Design & Development Head | Leadership |
Mudit Tripathi | Head- UAV Product Testing | Leadership |
Human Resource Manager -HR | HR Manager | Team |
Kishan Kumar | Assistant Manager | Team |
Raj Kumar | Manager | Team |
Manish Vats | Sr. Graphic Designer | Team |
Sanjith Shetty | Senior Manager | Team |
Sushant Chaturvedi | Hardware Design Engineer | Team |
Lovish . | Assistant Manager Agronomy (Sales & Marketing) | Team |
Sumit Sharma | Robotics Engineer-uav/drones | Team |
Rohit Bisht | CFD Engineer | Team |
Complete people profiles for IoTechWorld
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of IoTechWorld
Figures of Iotechworld Avigation Private Limited, the primary company behind IoTechWorld, for FY 2025. Revenue was ₹59.24 Cr (-35% year on year). Net profit was ₹7.83 Cr (13% margin). EBITDA was ₹12.28 Cr (21% margin). Revenue has grown at a compounded annual rate of +77% over three years and +154% over five years.
- ₹59.24 CrRevenue · FY 2025 · -35% YoY
- ₹7.83 CrNet profit · 13% margin
- ₹12.28 CrEBITDA · 21% margin
- ₹1.2 LakhPaid-up capital
- 21Employees (provident fund records)
- +77%Revenue CAGR, 3 years
- +154%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Iotechworld Avigation Private Limited are on its company page.
Detailed financial statements for IoTechWorld
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of IoTechWorld
4 dated milestones of IoTechWorld across 6 years, from founding to its latest funding, stage changes and deals.
- Founded IoTechWorld is founded.
- Funding First funding round of $2.8M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.2M.
Competitors of IoTechWorld
IoTechWorld has 3 listed competitors in our database, 3 of them funded. They include ideaForge, Marut Drones and Newspace Research and Technologies.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ideaforgetech.com | 2007 | Navi Mumbai, India | $53.82M | 1,052 | Developer of unmanned aerial vehicles | |
| marutdrones.com | 2019 | Hyderabad, India | $6.35M | 132 | Precision drones are supplied for agricultural management tasks. | |
| newspace.co.in | 2017 | Bengaluru, India | $73.23M | 434 | Next-generation unmanned systems and aerospace technologies are developed. |
Detailed competitors of IoTechWorld
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Competitive positioning
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Web traffic of IoTechWorld
The website of IoTechWorld (iotechworld.com) receives about 5.2K visits a month.
- Monthly visits5.2K
▼ 49.7% vs previous month
Top companies in Drone & Aerial Mobility
2 companies that operate in the same segment as IoTechWorld (Drone & Aerial Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of unmanned aerial vehicles | 2007 | Navi Mumbai, Maharashtra, India | USD 53.82 M | USD 24.09 M | 595 | |
Manufacturer of drones and provider of drone-based solutions across various sectors | 2015 | Chennai, Tamil Nadu, India | USD 59.3 M | USD 12.94 M | 130 |
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Related news about Iotechworld
Complete news archive for IoTechWorld
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about IoTechWorld
IoTechWorld was founded in 2017 and raised its 1st funding round 4 years after it was founded.
IoTechWorld is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
IoTechWorld is a funded company, having raised a total of $4.01M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.78M, raised on Sep 2021.
IoTechWorld has 21 employees.
The primary company behind IoTechWorld, Iotechworld Avigation Private Limited, reported revenue of ₹59.24 Cr for FY 2025, down 35% year on year.
IoTechWorld was founded in 2017 and is based in Gurugram, India. Drones are produced by the company for applications in agriculture, surveying, logistics, surveillance, and monitoring. Solutions are engineered to address industry-specific requirements, including Agribot models for precision farming, Surveybot for mapping and land surveys, Heavybot for delivery operations, and Drishti for security tasks. Operations focus on technology integration across these sectors.
IoTechWorld's top competitors include ideaForge, Marut Drones and Newspace Research and Technologies.
IoTechWorld has 2 investors. Key investors include Dhanuka Agritech, and KiaOra Ventures.
The valuation of IoTechWorld is $24.25M as of Feb 2023.
IoTechWorld operates through Iotechworld Avigation Private Limited.
The legal entities of IoTechWorld currently have 3 directors, including Vinod Kumar Bansal, Anoop Kumar Upadhyay, Deepak Bhardwaj.
Yes. IoTechWorld publishes Agrinet, with over 1,000 downloads.