About Sagar Defence Engineering
Sagar Defence Engineering is a company based in Pune (India) founded in 2015 by Lakshay Dang, Nikunj Parashar, and Mridul Babbar.. Sagar Defence Engineering has raised $30.1 million across 6 funding rounds from investors including ONGC, Maharashtra State Innovation Society and SKEGEN. The company has 19 employees as of June 26, 2024. Sagar Defence Engineering offers products and services including Unmanned Surface Vehicle and Aerial Drones. Sagar Defence Engineering operates in a competitive market with competitors including Anduril, Saronic, Kraken Robotics, Saildrone and Liquid Robotics, among others.
- Headquarter Pune, India
- Employees 19 as on 26 Jun, 2024
- Founders Lakshay Dang, Nikunj Parashar, Mridul Babbar
- Stage Minicorn
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Sectors
Industrial Goods & ManufacturingTransportation, Automotive & Logistics Aerospace, Defense & Maritime
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Email
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Phone
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Website
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Social
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- Legal Name Sagar Defence Engineering Private Limited
- Date of Incorporation 16 May, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$4.68 M (USD)198.85as on Mar 31, 2024
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Net Profit
$404.69 K (USD)510.12as on Mar 31, 2024
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EBITDA
$583.85 K (USD)969.61as on Mar 31, 2024
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Total Equity Funding
$30.1 M (USD)
in 6 rounds
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Latest Funding Round
$25.42 M (USD), Series A
Dec 30, 2024
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Investors
ONGC
& 9 more
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Employee Count
19
as on Jun 26, 2024
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Products & Services of Sagar Defence Engineering
Sagar Defence Engineering offers a comprehensive portfolio of products and services, including Unmanned Surface Vehicle and Aerial Drones. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Autonomous vehicle for ocean data collection and surveillance tasks.
Drones for aerial monitoring and defense operations.
Funding Insights of Sagar Defence Engineering
Sagar Defence Engineering has successfully raised a total of $30.1M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $25.42 million completed in December 2024. 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 Total Funding
- Total Rounds 6
- Last Round Series A — $25.4M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series A - Sagar Defence Engineering | Valuation | Skegen |
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| Jan, 2023 | Amount | Seed - Sagar Defence Engineering | Valuation | Focus Marine , Essel Omega Trust | |
| Aug, 2021 | Amount | Seed - Sagar Defence Engineering | Valuation | IDBI Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sagar Defence Engineering
Sagar Defence Engineering has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include ONGC, Maharashtra State Innovation Society and SKEGEN. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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SKEGEN is engaged in smart asset management and investments.
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Founded Year | Domain | Location | |
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Promotion of innovation and digital services in Maharashtra.
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Founded Year | Domain | Location | |
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Early-stage tech startups are supported via venture capital and acceleration.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sagar Defence Engineering
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sagar Defence Engineering
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sagar Defence Engineering Comparisons
Competitors of Sagar Defence Engineering
Sagar Defence Engineering operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Anduril, Saronic, Kraken Robotics, Saildrone and Liquid Robotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of AI-based drone surveillance solutions for defense and maritime sector
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| domain | founded_year | HQ Location |
Autonomous surface vessels are developed for naval and maritime applications.
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| domain | founded_year | HQ Location |
Unmanned maritime vehicles and subsea sensors are provided.
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| domain | founded_year | HQ Location |
Developer of autonomous unmanned surface vehicle
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| domain | founded_year | HQ Location |
Unmanned surface vehicles are developed using wave energy propulsion.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sagar Defence Engineering
Frequently Asked Questions about Sagar Defence Engineering
When was Sagar Defence Engineering founded?
Sagar Defence Engineering was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Sagar Defence Engineering located?
Sagar Defence Engineering is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Sagar Defence Engineering?
Nikunj Parashar is the current CEO of Sagar Defence Engineering. They have also founded this company.
Is Sagar Defence Engineering a funded company?
Sagar Defence Engineering is a funded company, having raised a total of $30.1M across 6 funding rounds to date. The company's 1st funding round was a Seed of $53.26K, raised on Dec 16, 2016.
How many employees does Sagar Defence Engineering have?
As of Jun 26, 2024, the latest employee count at Sagar Defence Engineering is 19.
What is the annual revenue of Sagar Defence Engineering?
Annual revenue of Sagar Defence Engineering is $4.68M as on Mar 31, 2024.
What does Sagar Defence Engineering do?
Sagar Defence Engineering was founded in 2015 in Pune, India, within the defence engineering sector. Quadcopter drones and unmanned maritime surface vehicles are produced for civilian and military applications. Real-time data collection in extreme conditions is enabled through optical sensors, automated identification systems, and acoustic sensors. Customization is offered to meet specific requirements. Cloud connectivity, data storage, and an in-built collision avoidance system are incorporated in the designs.
Who are the top competitors of Sagar Defence Engineering?
Sagar Defence Engineering's top competitors include Anduril, Saronic and Kraken Robotics.
What products or services does Sagar Defence Engineering offer?
Sagar Defence Engineering offers Unmanned Surface Vehicle and Aerial Drones.
Who are Sagar Defence Engineering's investors?
Sagar Defence Engineering has 10 investors. Key investors include ONGC, Maharashtra State Innovation Society, SKEGEN, Focus Marine, and Essel Omega Trust.
What is Sagar Defence Engineering's valuation?
The valuation of Sagar Defence Engineering is $254.29M as of Dec 2024.
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