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Noida-based drone manufacturing startup Raphe mPhibr has raised $100 million in an equity funding round led by Silicon Valley investor General Catalyst, the company said in a press release. The round, which values the nine-year old startup at nearly $900 million, also saw participation from existing investors including stock market investor Amal Parikh, Think Investments and other family offices.
In what is among the largest financing rounds for an Indian military drone maker, the $100 million raise takes the company’s total funding to $145 million….
