Latest Sagar Defence Engineering news, funding rounds and robotics & AI coverage. $33M raised. 1 article tracked by The Robotics Media.
Sagar Defence Engineering is an Indian unmanned-systems company founded in 2015 by Nikunj Parashar, Mridul Babbar and Lakshay Dang. Headquartered in Pune, Maharashtra, it designs and manufactures autonomous and remotely operated systems for maritime, aerial and ground use, serving the Indian Navy, Coast Guard, Army and commercial/scientific customers.
Its core products include unmanned surface vessels (USVs) such as "Matangi," an indigenous autonomous fast interceptor craft developed under the Indian Navy's iDEX programme, and the "Smart Kat" USV used for hydrographic surveys. The company also builds aerial drones and, with the Indian Navy's Naval Innovation and Indigenisation Organisation, developed "Varuna," a pilotless personal air vehicle demonstrated to the Indian Navy in 2022.
In November 2026, Sagar Defence Engineering raised roughly ₹300 crore (about $33 million) from domestic institutional investors in a pre-IPO round at a pre-money valuation of about ₹20,000 crore, after the Securities and Exchange Board of India issued final observations on its draft IPO filing.