Drone Logistic Startup TSAW Raises $325K in Seed Round

We Founder Circle, a founder-led early-stage start-up investor, has announced that it has led a $ 325K (Rs 2.5 cr) seed round in TSAW (Technology in Space and Aero Works), a drone logistics service provider. According to a press release, the startup's vision is to "recreate the logistics ecosystem" by introducing a new and faster mode of transportation, namely drones.

Kartik Hajela, Soonicorn Ventures, early-stage startup accelerator Pedal Start, and strategic investment by Zypp Electric all participated in the round. So far, the brand has been bootstrapped, and this is the first fundraising. TSAW will use a large portion of the funds raised to build a team and fuel operations. The remaining funds will be split equally between 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 exploring the domain, however very few have been successful in precise execution. We are glad the investors put their faith in the model and the team. These funds would give us a push in establishing our services across multiple cities which is the immediate plan for us”.