Apollyon Dynamics raises around ₹30 lakh through NIDHI Seed Support at ₹20 Cr valuation
Evidence notes
- Apollyon Dynamics raised around ₹30 lakh through the BITS Pilani incubator society PIEDS under the NIDHI Seed Support Program.
- The transaction was reported at a ₹20 crore valuation.
- The company said it planned a further capital raise and hiring across marketing and operations as its order pipeline expanded.
Company context
Apollyon Dynamics is an Indian defence UAV startup building autonomous strike platforms, high-speed kamikaze drones, FPV systems and deployable drone infrastructure for contested environments. The company was founded by BITS Pilani Hyderabad students Jayant Khatri and Sourya Choudhury and has supplied UAV systems to Indian Army units.