Drone logistic startup TSAW raises $325K in Seed round led by We Founder Circle
We Founder Circle, a founder-based early-stage start-up investor has announced it has led a Seed round worth $ 325K (Rs 2.5 cr) in TSAW (Technology in Space and Aero Works), a drone logistics service provider. The startup comes with a vision to recreate the logistics ecosystem by introducing a new and faster mode of transportation i.e., drones, it said in a press statement.
The round witnessed participation from an array of investors including – Kartik Hajela (Founder Log9 materials), Soonicorn Ventures, early stage startup accelerator Pedal Start and strategic investment by Zypp Electric. The brand was bootstrapped so far, and this is the first fundraise.
TSAW will exhaust a major part of the raised investment in team building and fuelling operations. The rest of the fund will be equally divided in marketing and R&D.
Kishan Tiwari- Founder, TSAW said, “We are working towards empowering the logistics chain with drone technology. Though a lot of attempts have been made at…