BusinessDefence Startup Sanlayan Seeks $35-40M at $200M Valuation
Sanlayan, a defence-focused electronics manufacturer, has initiated fundraising to raise $35-40 million aiming for a valuation between $150-200 million. Incorporated in 2023, the startup previously raised $4.4 million in a seed round led by Jungle Ventures. The fundraising effort began recently, targeting growth investors interested in defence, amid a strong year for Indian deeptech funding with $2.5 billion raised so far.
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