“By joining forces, we are creating something greater—it’s like turning 1 plus 1 into 11.”

DroneAcharya founder and MD Prateek Srivastava is supercharged about the company’s proposed merger with drone tech startup AVPL International.

A day after the BSE SME-listed company said that it has signed a term sheet with AVPL, which operates AITMC Ventures, for a proposed “strategic” merger, the DroneAcharya MD told Inc42 that the merger will act as a “force multiplier” for both the companies and make the resultant entity a leader in India’s burgeoning drone tech space.

With the merger, the two companies are looking to not only bolster their presence in the Indian drone market but also firm up their play to take Indian drones global.

Founded in 2017, DroneAcharya manufactures drones, provides drone operations training, and services like drone deliveries and mapping across industries. The company got listed on the BSE SME platform in December 2022 at INR 102, a 90% premium to its IPO price of INR 54.

Meanwhile, AITMC Ventures (Aerial Innovative Technology for Mapping and Conservation) was founded in 2016 by Deep Sisai and Preet Sandhuu. It manufactures drones, offers........

© Inc42