Ideaforge

A company formed by three alumni of the Indian Institute of Technology (IIT-Bombay) and incubated by the top engineering institute has signed a Rs 130-crore deal with the Indian Army to make drones. The company, ideaForge Technology, was founded at the IIT-Bombay incubator SINE in 2007 by Ankit Mehta, Rahul Singh and Ashish Bhat.

Infosys, which has been aggressively investing in startups over the last few quarters, will fund the latest investment through its Innovation Fund.

A company formed by three alumni of the Indian Institute of Technology (IIT-Bombay) and incubated by the top engineering institute has signed a Rs 130-crore deal with the Indian Army to make drones. The company, ideaForge Technology, was founded at the IIT-Bombay incubator SINE in 2007 by Ankit Mehta, Rahul Singh and Ashish Bhat.

Infosys, which has been aggressively investing in startups over the last few quarters, will fund the latest investment through its Innovation Fund.