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High Tech Series B Founded 2013

Aereo

Aereo is a leading drone solutions provider that delivers end-to-end integrated drone services for mining, infrastructure, and urban and rural development industries. The company combines proprietary drone hardware with advanced business analytics to transform industry-specific operations through fast and accurate aerial surveys. Over its decade of operation, Aereo has mapped 45,000 villages, surveyed 15 million…

📍 Bengaluru, India · Drones,

Funding snapshot

Last roundSeries B
Amount$2M
Date29 September 2024
Total raised$23M
Valuation55,872,256 (Oct 3, 2024)
Team size204

About

Aereo is a leading drone solutions provider that delivers end-to-end integrated drone services for mining, infrastructure, and urban and rural development industries. The company combines proprietary drone hardware with advanced business analytics to transform industry-specific operations through fast and accurate aerial surveys. Over its decade of operation, Aereo has mapped 45,000 villages, surveyed 15 million acres of area, completed 750 mine surveys, and touched 120 million lives. For the mining sector, Aereo provides volumetric analysis, statutory plan versus actual progress comparison, mine safety assessments, and environmental compliance monitoring. For infrastructure, the company offers detailed project report surveys, construction progress monitoring, deviation analysis, and inventory management. For urban and rural development, services include land parcel mapping, 2D base maps and 3D twin models, rooftop solar PV potential assessment, and flood simulations. The company is also developing forest conservation services including watershed development, encroachment identification, and tree counting with species identification. Aereo's cloud platform enables scalable digital mine mapping, volume surveys, and mine analytics, with customers including Hindalco, Tata Steel, Coal India, Survey of India, and Ceinsys. The company played a key role in India's SVAMITVA scheme, capturing images for over 40,000 villages for cadastral mapping. Founded in 2013 and headquartered in Bengaluru, India, Aereo has raised $23.1M in Series B funding from investors including JSW Ventures, 360 One, Navam Capital, 3one4 Capital, Anicut Capital, GrowX Ventures, and Bellwether Associates.

Business model

Drones > Tech Enabled Services > Aerial Surveying > Proprietary Drones

Founders & team highlights

Serial Founder

Team background

College Wise > IIT Kanpur

Institutional investors

JSW Ventures Resolute Futurewave 360 One Startupxseed Ventures Navam Capital Kittur Family Trust Auxano LetsVenture SiriusOne Anicut Capital KITVEN Shringar Films South Yarra Holdings 3one4 Capital A & G

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