JSW Ventures, the investment arm of JSW Group, announced on Monday that it has acquired a stake in drone technology company Aereo for $1.8 million as part of its Series B funding round. Aereo, which uses drone technology and AI-driven data analytics for asset management in sectors like mining and infrastructure, plans to utilize the funding to enhance its services and expand into global markets.
The company, already generating profits, has been instrumental in mapping over 45,000 villages for the Digital India Land Record Modernization Program (DILRMP), covering more than 50,000 square kilometers.
Aereo’s Co-founder and CEO, Vipul Singh, highlighted it’s backing as a significant endorsement of the company’s efforts to revolutionize asset management through drones. SachinTagra, managing partner at JSW Ventures, noted the rapid growth of the drone technology sector, driven by government policies such as the Drone Regulations of 2021, with Aereo leading the way in innovation. Aereo has filed 15 patents related to drone hardware, design, and predictive flight technologies.
The company, an early-stage venture capital fund backed by JSW Group’s family office, focuses on investing in technology-driven startups. The company is the venture capital arm of the JSW Group, one of India’s leading conglomerates with interests in steel, energy, cement, and infrastructure.
Launched to invest in technology-enabled businesses, JSW Ventures focuses on early-stage companies that are transforming industries through innovation and scalable solutions. Its investment portfolio spans across sectors such as digital platforms, financial technology, and consumer services. By providing not just capital but also strategic guidance and support, the company aims to nurture entrepreneurial talent and drive long-term growth in India’s evolving startup ecosystem.
