ideaForge - About the company
ideaForge is a public company based in Navi Mumbai (India), founded in 2007 by Ankit Mehta, Rahul Singh, Ashish Bhat and Vipul Joshi. It operates as a Manufacturer of unmanned aerial vehicles and provider of flight software. ideaForge has raised $53.8M in funding from investors like Florintree, Celesta Capital and BlackSoil. The company has 1240 active competitors, including 177 funded and 75 that have exited. Its top competitors include companies like Quantum Systems, Parrot and Anduril.
Company Details
Manufacturer of unmanned aerial vehicles and provider of flight software. The business designs and builds aerial platforms for aerial surveillance, mapping, and inspection tasks. It develops proprietary software systems to support flight operations, data processing, and navigational control for its hardware products.
- Website
- ideaforgetech.com
- Social
- Email ID
- *****@ideaforgetech.com
- Phone Number
- +91 **********
- Registered Address
- El-146, TTC Industrial Area, Electronic Zone MIDC, Mahape, Navi Mumbai, Thane, Navi Mumbai, Maharashtra, India, 400710
Key Metrics
Founded Year
2007
Location
Navi Mumbai, India
Stage
Public
Total Funding
$53.8M in 18 rounds
Latest Funding Round
Investors
Ranked
13th among 1240 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2026
Employee Count
531 as on May 31, 2026
Similar Companies
Exit Details
Public
Legal entities associated with ideaForge
ideaForge is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Ideaforge Technology Limited CIN: U31401MH2007PLC167669 , India, Active | ₹100 - ₹500 Cr (As on Mar 31, 2026) | 526 (As on May 31, 2025) | ||
Ideaforge Technology Limited CIN: L31401MH2007PLC167669 , India, Active | Feb 08, 2007 | ₹100 - ₹500 Cr (As on Mar 31, 2026) | 531 (As on May 31, 2026) |
ideaForge's IPO details
ideaForge got listed on Jul 07, 2023.
Click here to take a look at ideaForge's IPO in detail
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ideaForge's funding and investors
ideaForge has raised a total funding of $53.8M over 18 rounds. Its first funding round was on Mar 31, 2009. Its latest funding round was a Post IPO round on Jul 14, 2026 for $*****. 2 investors participated in its latest round. ideaForge has 31 institutional investors and 30 angel investors.
Here is the list of recent funding rounds of ideaForge:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 14, 2026 | 9210856 | Post IPO | 9463717 | 7775424 | 9220838 | 7503893 |
Jun 07, 2023 | 9227031 | Series C | 2134676 | 6523854 | 9009488 | |
May 17, 2023 | 4840464 | Grant (prize money) | 5951993 | 5746715 | 1657756 |
Access funding benchmarks and valuations. Sign up today!View details of ideaForge's funding rounds and investors
ideaForge's founders and board of directors
Founder? Claim ProfileThe founders of ideaForge are Ankit Mehta, Rahul Singh, Ashish Bhat and Vipul Joshi. Ankit Mehta is the CEO of ideaForge.
Here are the details of ideaForge's key team members:
- Ankit Mehta: Co-Founder & CEO & Director of ideaForge. They are also an angel investor in 2 startups.Contact Info: 1 email address and 1 phone number
- Rahul Singh: Co-Founder & VP Engineering of ideaForge and founder of 1 other company. Contact Info: 2 email addresses and 1 phone number
- Ashish Bhat: Co-Founder & VP R&D of ideaForge and founder of 1 other company. They serve on the board of 1 company.Contact Info: 2 email addresses and 1 phone number
- Vipul Joshi: Co-Founder & Chief Financial Officer of ideaForge. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
ideaForge's Board of Directors
ideaForge's board has 12 active members. Mathew Cyriac, Sujata Vemuri, Nicholas Brathwaite, Palepu Sudhir Rao, Ashish Bhat, Vipul Joshi, Ganapathy Subramaniam, Ankit Mehta and Rahul Singh are part of team and Vikas Balia, Sutapa Banerjee and Srikanth Velamakanni are independent board members.Here is the list of ideaForge's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 3y 11m | |
Team | - | Current | 19y 8m | |
h{vmzgo | Team | - | Current | 4y 5m |
vlmklde | Team | - | Current | 5y 8m |
Investor | Blackstone | Current | 4y 3m | |
Investor | - | Current | 16y 0m | |
hwbayj{ | Investor | iolbvyf | Current | 5y 2m |
mzzgkes | Investor | wld{whc | Current | 1y 7m |
koivcgv | Investor | zfwxkxt | Current | 8y 9m |
Independent board member | - | Current | 3y 9m | |
yrfunei | Independent board member | - | Current | 3y 7m |
rziglsn | Independent board member | - | Current | 2y 8m |
View details of ideaForge's Founder profiles and Board Members
ideaForge's employee count trend
ideaForge has 531 employees as of May 26. The total employee count is 50.0% lower than what it was in May 25. Here is ideaForge's employee count trend over the years:
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ideaForge's Competitors and alternates
Top competitors of ideaForge include Quantum Systems, Parrot and Anduril. Here is the list of Top 10 competitors of ideaForge, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Quantum Systems 2015, Gilching (Germany), Series D | AI-powered aerial intelligence and reconnaissance systems | $1.82B | 78/100 | |
2nd | Manufacturer of unmanned aerial vehicles and related software and solutions | - | 76/100 | ||
3rd |  Anduril 2017, Costa Mesa (United States), Series H | Provider of AI-driven defense and autonomous systems across air, land, sea, and space domains | $11.3B | 76/100 | |
4th |  Skydio 2014, San Mateo (United States), Series F | Manufacturer of autonomous drones and related software, services, and accessories | $825M | 73/100 | |
5th |  Shield AI 2015, San Diego (United States), Series G | Developer of AI-powered platforms and software for defense applications | $3.52B | 68/100 | |
6th | Manufacturer of carbon fiber composite products and unmanned aerial vehicles | $154M | 67/100 | ||
7th | Aurora 1989, Manassas (United States), Acquired | Developer of advanced aircraft and enabling technologies for government and commercial sectors | $6.85M | 67/100 | |
8th | Aerial-imagery services using proprietary drones | $17.4M | 67/100 | ||
9th | Manufacturer UAVs and software products for military and enterprise applications | $677M | 66/100 | ||
10th | Garuda Aerospace 2015, Chennai (India), Series B | Manufacturer of unmanned aerial vehicles for agricultural and industrial applications | $49.5M | 66/100 | |
13th | Manufacturer of unmanned aerial vehicles and provider of flight software | $53.8M | 65/100 |
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ideaForge's Latest cap tables and shareholding
Founders (largest shareholder) own 30.88%, Funds own 27.91%, Enterprises own 16.57% and Angels own 8.64%. The net worth of ideaForge's founders is INR 855Cr as of Jun 07, 2023.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 30.88% | 855Cr | 9899676 | 4039883 | 1444340 | 1715122 |
6572484 | 6777124 | 9804121 | 6020940 | 4663873 | 5065358 | |
Fund | 27.91% | 773Cr | 7278579 | 8490974 | 8447177 | 3667663 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 16.57% | 459Cr | 3725274 | 9044665 | 6818355 | 5356113 |
Angel | 8.64% | 239Cr | 5807848 | 8695871 | 6513311 | 5510674 |
Other People | 0.94% | 26Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 9.24% | 256Cr | 3424698 | 6329958 | 9642472 | 3746161 |
Other Investors | 5.82% | 161Cr | 77008 | 54353 | 48606 | 84649 |
Total | 100.00% | 2,770Cr | 6977742 | 4758159 | 4262362 | 8369549 |
To unlock detailed Cap Table of ideaForge Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of ideaForge's Shareholding
ideaForge's Investments and acquisitions
ideaForge has not made any acquisitions yet. ideaForge has made 4 investments.Here is the list of latest three $investments:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jul 16, 2024 | Investments | 2021 | Bengaluru (India) | |
Feb 12, 2024 | Investments | 2015 | Gurugram (India) | |
Jul 28, 2023 | Investments | 2015 | Gurugram (India) |
Want to know more about where corporates are investing? Sign up today!See all investments by ideaForge
Reports related to ideaForge
Here is the latest report on ideaForge's sector:
News related to ideaForge
Filter this listMedia has covered ideaForge for a total of 14 events in the last 1 year, 4 of them have been about company updates and 3 about partnerships.
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Santander CIB Advises on Financing of c. €450 Million for Major European Battery Energy Storage ProjectCapital-Riesgo.es•Jul 14, 2026•Santander Corporate & Investment Banking, GIGA Storage, ideaForge, Triodos Investment Management and 9 others
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American Industrial Technologies and ideaForge Sign Letter of Intent for Strategic Joint Venture in Drone and AI SolutionsPR Newswire•Jun 08, 2026•ideaForge
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Buzz Drones ideaForge Signs MoU with DMP for AI DronesElectronicsforyou•Apr 28, 2026•ideaForge, Digital Media Professionals
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India’s ideaForge Takes Flight: First to Train NATO Forces at U.S. NTPSIndianWeb2•Mar 09, 2026•ideaForge
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ideaForge partners with C-DAC to boost drone integration in India’s emergency responseOnline Media Cafe•Dec 12, 2025•C-DAC, ideaForge
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FAQs about ideaForge
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