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ideaForge
An Indian company engaged in the development of unmanned aerial systems
About ideaForge
ideaForge is a pioneer in research, development, production and operation of compact, cost effective and user friendly Unmanned Aerial Vehicles (UAVs) in India. We believe in our motto to CREATE technically superior UAVs for intelligence, surveillance and reconnaissance (ISR) and to INSPIRE the world by leading the surge of technological advancements in the field of Unmanned Systems. Our determination on designing sustainable and efficient products has presented us an opportunity to become market leaders in our area of expertise.
Read full description
ideaForge was founded by IIT Bombay alumni in 2007. It was earlier incubated at SINE IIT Bombay and CIIE, Ahmedabad. It is driven by highly motivated professionals from various fields and backgrounds such as aerospace, electronics and mechanical engineering. We are able to identify and share common aspirations and goals amongst each other which benefit the company, its employees and the society as a whole. Our willingness to learn and implement new philosophies of business practices in our company certainly provides us an edge over our global competitors. We believe in creating a better world for the mankind using the modern technological advancements in the Aerospace and Robotics Industry.
At a glance
- Status
- Operational
- Founded
- 2007
- Headquarters
- Mumbai, India
- Listing
- IPO 2023
- Employees
- 711
- Open positions
- None listed
- Dealroom signal
- 88.7/100
- Industry
- Security, Robotics
- Sector
- Robotics, Aerospace, Drones, Spinout, DT and LS, science-based
- Technology
- Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
- Investment activity
- 4 companies, latest Feb 2025
- Capital deployed
- $13M
- Preferred round
- CONVERTIBLE
Latest news
Press, funding announcements and product moves mentioning ideaForge.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBT✓Debt | Aug 2026 | $21M | — | Technology Development Board | ↗ |
| POST IPO EQUITY✓Other financing | Jul 2026 | $68M | — | Undisclosed | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
| Year | Revenue | Growth |
|---|---|---|
| 2026 | $31M | +40.2% |
| 2025 | $22M | -48.7% |
| 2024 | $43M | +68.8% |
| 2023 | $25M | +16.7% |
| 2022 | $22M | +359.2% |
| 2021 | $4.7M | — |
Growth signals
Latest recorded traffic for ideaForge is 34K monthly website visits, up 13.3% over the last three months. ideaForge's team grew 3.3% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Vantage RoboticsSan Leandro, United StatesVantage Robotics makes amazing aerial video easy
$14Mvaluation
GalaxeyeChennai, IndiaEnables businesses to make better Decisions and perform operations efficiently via Space Technology
$50Mvaluation
Nautical WingsBengaluru, IndiaAutonomous drone solutions for shore-to-ship deliveries
→
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A8 investors entered at this stage
IndusAge Partners
Infosys
Celesta Capital
Windrose Capital- FIFlorintree Infra
Exim Bank
Qualcomm Ventures
Infina Finance
Series B and later6 investors entered at this stage
Blacksoil
IIFL
Motilal Oswal Mutual Fund
Tata AIG Insurance- TPThink Investments PCC
Technology Development Board
Other known investors6 additional known investors
Indian Institute of Technology Bombay
A&E Investments
Ratan Tata
Rohit Goyal
Trifecta Capital Advisors
Unreasonable Group
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about ideaForge on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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