Sanlayan Technologies, a startup in the aerospace and defence sector, has raised INR 186 crore (about $22 million) in its Series A funding round.
The funding was led by well-known investors Ashish Kacholia, Lashit Sanghvi, and Jungle Ventures. Existing investors like Gemba Capital and Singularity Ventures also took part, along with a new investor, Shastra VC.
With the new funding, Sanlayan plans to grow its engineering team by five times over the next six months.
The company is hiring experts in the field, including R&D scientists, retired armed forces personnel, and senior leaders from both government and private defence companies.
Sanlayan was started by former Zetwerk employees Abhijit Kothawale, Rohan Gala, and Rahul Vamsidhar. The company focuses on building high-tech electronic systems like radar, electronic warfare tools, and important avionics used in aircraft.
In March last year, Sanlayan raised $4.4 million in its seed funding round from well-known investors such as First Cheque, Gemba Capital, Singularity Ventures, and others.
“We will continue to acquire capabilities both organically and inorganically. We are allocating capital for the suo-moto development of critical technologies for CUAS and EW systems. In the last six months, we have strengthened Dexcel’s design and manufacturing capabilities and are now gearing up to execute large-scale indigenisation and upgrade programs,” said Rohan Gala, co-founder and CEO of Sanlayan.
Sanlayan recently bought a majority stake in Dexcel Electronics, a company with 20 years of experience in embedded systems. This move will help Sanlayan strengthen its ability to create advanced made-in-India solutions for the defence, aerospace and space sectors.
Dexcel Electronics has worked on major projects like the Jaguar and Sukhoi fighter jets, the LCA Tejas aircraft, and India’s Chandrayaan-3 moon mission.
Sanlayan is also using its research team to develop advanced AESA radar for India’s unmanned underwater vehicle (UUV) program.
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