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A majority share -- $45.2 million -- of the total funding went to early-stage startups, making up 57% of the total weekly funding. Late-stage startups saw $30 million being pumped in as investments, while seed-stage companies received a mere $4.8 million.
The event aims to showcase the potential of indigenous drone design and development, with over 50 live aerial demonstrations featuring various drone applications. The IAF has recognized the growing importance of drones in both military and civilian sectors and initiated the Meher Baba Swarm Drone competition to tap into India's drone capabilities.