# Redwing Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/redwing-labs

- Industry: Aerospace
- Headquarters: Bangalore, India
- Website: www.redwinglabs.in
- Total disclosed funding: $1.1M
- Latest round: Seed (Dec 7, 2020)
- Investors on record: 7

## About

Redwing Labs, based in Bangalore, India, specializes in autonomous drone technology that revolutionizes logistics and supply chains, enhancing efficiency in deliveries across diverse sectors such as healthcare and food services.Founded in 2018 in Bangalore, India, Redwing Labs focuses on developing advanced drone solutions for logistics. The company has completed three deals, with its most recent funding round, a Seed round, raising INR 78.707 mn on November 21, 2023, led by ITI Growth Opportunities, among other investors. The founders include Anshul Sharma, Arunabha Bhattacharya, and Rishabh Gupta, who also serves as CEO alongside Sharma and Gupta. Redwing Labs has not undergone any significant strategic pivots since its inception.Redwing specializes in designing, developing, and deploying fully autonomous drones aimed at transforming logistics supply chains. Their core offerings center around advanced drone technology that facilitates rapid delivery solutions across various sectors, including healthcare and food services. The autonomous drones operate seamlessly within logistics frameworks, ensuring efficient order fulfillment and proof of delivery while minimizing operational costs and time. Redwing targets businesses in both urban and rural areas, providing immediate logistics solutions that optimize delivery processes across diverse geographical markets in India, with potential expansion to international markets as demand grows.In the most recent fiscal year 2022, Redwing Labs generated revenue amounting to INR 51,012.5. The company's revenue model is primarily based on business-to-business transactions, focusing on partnerships with enterprises that require swift logistics solutions, with subscription-based services covering technology integration and operational support for their drones. Revenue streams also include maintenance and support service fees, which enhance operational efficiency and customer satisfaction through their flagship autonomous products.In November 2023, Redwing Labs secured funding from SEA Fund, which will be utilized to support the company's growth initiatives. The company plans to enhance its product line with new drone models designed for expanded logistics capabilities. There are also strategic plans to enter new geographic markets, targeting both metropolitan and remote areas, aiming for operational expansion by 2024. The recent funding will facilitate these developments, enabling the company to cater to increasing demand in both domestic and international markets.

## Funding rounds

- Seed, Dec 7, 2020, $1.1M — Cloud Capital Partners, ITI Growth Opportunities, LVX, Asymmetry Ventures, Beyond Capital, AL trust, Springboard Solutions Private Limited

## Investors

- Cloud Capital Partners (https://capitalatlas.ai/funds/cloud-capital-partners) — Seed
- ITI Growth Opportunities (https://capitalatlas.ai/funds/iti-growth-opportunities) — Seed
- LVX (https://capitalatlas.ai/funds/lvx) — Seed
- Asymmetry Ventures (https://capitalatlas.ai/funds/asymmetry-ventures) — Seed
- Beyond Capital — Seed
- AL trust — Seed
- Springboard Solutions Private Limited — Seed