# Aereo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aereo-2

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.aereo.io
- Total disclosed funding: $13M
- Latest round: Series B (Jun 14, 2024)
- Investors on record: 4

## About

Aereo, based in India, specializes in integrated drone solutions that enhance operational efficiency across diverse sectors such as mining and infrastructure, driving innovation through comprehensive analytics and advanced surveying technology.Founded in 2013, Aereo operates out of Bangalore, India, providing integrated drone solutions tailored for various industries. The company, led by founder and CEO Vipul Singh, has successfully secured USD 1.8 mn in funding from JSW Ventures as of October 2024, with a total amount raised of USD 1.8 mn. Aereo has completed six deals, with its most recent deal occurring on October 7, 2024.Aereo specializes in integrated drone solutions that streamline operations across various industries, including mining, infrastructure, and urban and rural development. Their core offerings encompass advanced drone surveys, volumetric assessments, and comprehensive business analytics that leverage big data insights. The solutions are designed to address specific industry challenges, such as efficient land mapping and compliance monitoring, ultimately enhancing productivity and decision-making. Aereo has actively served a diverse clientele, including prominent enterprises like Tata Steel and Coal India, with applications spanning over 40,000 villages across India, primarily in regions like Odisha and Jharkhand. Their technology is aimed at both urban planners and rural developers, facilitating effective project execution and sustainable practices.In 2022, Aereo generated revenue of USD 2,032,529.70, with an EBITDA of USD 348,442.90. The company relies on B2B transactions, partnering with large corporations and government entities to provide drone services and analytics. Clients engage Aereo through contractual agreements for specific projects, allowing for significant operational efficiencies. This structured approach enables Aereo to establish long-term relationships with clients, ensuring continuous engagement and recurring business opportunities.Aereo plans to leverage its recent funding of USD 1.8 mn to enhance its product offerings and expand into new markets. The company aims to launch new drone solutions designed for urban planning and rural development by the end of 2025, targeting regions beyond India to include Southeast Asia. This strategic expansion will focus on increasing operational capabilities and penetrating fresh markets, thereby bolstering their position in the drone service industry.

## Funding rounds

- Series B, Jun 14, 2024, $12M — StartupXseed Ventures, 360 One Alternates Asset Management
- Seed, Mar 2, 2016, $0.4M — StartupXseed Ventures, The Pheonix Fund, 3one4Capital Advisors

## Investors

- StartupXseed Ventures (https://capitalatlas.ai/funds/startupxseed-ventures) — Seed, Series B
- The Pheonix Fund — Seed
- 3one4Capital Advisors (https://capitalatlas.ai/funds/3one4capital-advisors) — Seed
- 360 One Alternates Asset Management — Series B