ideaForge - About the company
ideaForge is a public company based in Navi Mumbai (India), founded in 2007 by Ankit Mehta, Rahul Singh and Ashish Bhat. It operates as a Developer of unmanned aerial vehicles. ideaForge has raised $53.8M in funding from investors like Florintree, Celesta Capital and BlackSoil. The company has 804 active competitors, including 148 funded and 58 that have exited. Its top competitors include companies like Parrot, Anduril and Quantum Systems.
Company Details
Developer of unmanned aerial vehicles. It designs and manufactures unmanned aerial vehicles and associated systems including drones and mapping platforms for use in surveillance,mapping,industrial inspection and public safety applications.
- Website
- ideaforgetech.com
- Social
- Email ID
- *****@ideaforgetech.com
- Phone Number
- +91 **********
- Registered Address
- El-146, TTC Industrial Area, Electronic Zone MIDC, Mahape, Navi Mumbai Navi Mumbai , Thane Unclassified MH 400710
Key Metrics
Founded Year
2007
Location
Navi Mumbai, India
Stage
Public
Total Funding
$53.8M in 16 rounds
Latest Funding Round
Investors
Ranked
10th among 804 active competitors
Annual Revenue
₹182Cr as on Mar 31, 2025
Employee Count
1,052 as on May 31, 2025
Exit Details
Public
Legal entities associated with ideaForge
ideaForge is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Ideaforge Technology Limited CIN: L31401MH2007PLC167669 , India, Active | Feb 08, 2007 | $21.6M (As on Mar 31, 2025) | 545 (As on Feb 01, 2026) | |
Ideaforge Technology Private Limited CIN: U31401MH2007PTC167669 , India, Active | Feb 07, 2007 | $24.5M (As on Mar 31, 2023) | 526 (As on May 31, 2025) | |
Ideaforge Technology Limited CIN: U31401MH2007PLC167669 , India, Active | $41.6M (As on Mar 31, 2024) | 526 (As on May 31, 2025) |
ideaForge's IPO details
ideaForge got listed on Jul 07, 2023.
Click here to take a look at ideaForge's IPO in detail
Sign up to download ideaForge's company profile
ideaForge's funding and investors
ideaForge has raised a total funding of $53.8M over 16 rounds. Its first funding round was on Mar 31, 2009. Its latest funding round was a Series C round on Jun 07, 2023 for $*****. 4 investors participated in its latest round. ideaForge has 24 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 |
|---|---|---|---|---|---|---|
Jun 07, 2023 | 1947542 | Series C | 3555745 | 8041858 | 5692249 | 9899865 |
Jul 15, 2022 | 3757179 | Series C | 6095398 | 3510089 | 5431575 | 9075854 |
Apr 28, 2022 | 8231197 | Series B | 2965530 | 2479429 |
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 and Ashish Bhat. 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 and VP Engg of ideaForge. They serve on the board of 1 company.Contact Info: 1 phone number
- Ashish Bhat: Co-founder and VP R&D of ideaForge.
ideaForge's Board of Directors
ideaForge's board has 4 active members. Mathew Cyriac, Sudhir Rao, Nicholas Brathwaite and Vipul Joshi are part of team.Here is the list of ideaForge's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 19y 2m | |
Team | - | Current | 3y 5m | |
hjsyxte | Team | - | Current | 8y 8m |
prmrotz | Team | - | Current | 1y 3m |
Investor | Blackstone | Current | 3y 9m | |
Investor | - | Current | 15y 6m | |
djnbvgg | Investor | pdhgmhq | Current | 2y 9m |
slqtqhd | Investor | jpnzvso | Current | 3y 6m |
lilejkh | Investor | rdeedyg | Current | 7y 7m |
Independent board member | - | Current | 3y 3m | |
shsblwu | Independent board member | - | Current | 1y 2m |
kjubssp | Independent board member | - | Current | 3y 6m |
View details of ideaForge's Founder profiles and Board Members
ideaForge's employee count trend
ideaForge has 1,052 employees as of May 25. The total employee count is 21.0% more than what it was in May 24. Here is ideaForge's employee count trend over the years:
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ideaForge's Competitors and alternates
Top competitors of ideaForge include Parrot, Anduril and Quantum Systems. 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 | Manufacturer of unmanned aerial vehicles and related software and solutions | - | 75/100 | ||
2nd |  Anduril 2017, Costa Mesa (United States), Series G | Developer of autonomous defense systems powered by AI software | $6.29B | 75/100 | |
3rd |  Quantum Systems 2015, Gilching (Germany), Series C | Developer of multi-sensor unmanned aerial systems | $618M | 74/100 | |
4th | Garuda Aerospace 2015, Chennai (India), Series B | Provider of drone solutions for various industries including agriculture and defense | $49.5M | 72/100 | |
5th |  Skydio 2014, San Mateo (United States), Series E | Manufacturer of autonomous drones and related software, services, and accessories | $715M | 69/100 | |
6th | Vantage Robotics 2013, San Francisco (United States), Series B | Creates unmanned aircraft systems | $8.94M | 69/100 | |
7th |  Shield AI 2015, San Diego (United States), Series G | Developer of AI-powered platforms and software for defense applications | $3.17B | 68/100 | |
8th | Manufacturer of carbon fiber composite products and unmanned aerial vehicles | $154M | 68/100 | ||
9th | Aurora 1989, Manassas (United States), Acquired | Developer of advanced aircraft and enabling technologies for government and commercial sectors | $6.85M | 67/100 | |
10th | Developer of unmanned aerial vehicles | $53.8M | 66/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on ideaForge's competitors? Click here to see the top ones
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 | 2790070 | 5160017 | 7041417 | 9240719 |
4589711 | 4035203 | 4611724 | 4929237 | 9138384 | 3881215 | |
Fund | 27.91% | 773Cr | 9969091 | 5496912 | 9276644 | 6072911 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
1237745 | 8554868 | 3472044 | 8196841 | 4904745 | 8500461 | |
86721 | 25467 | 25297 | 25374 | 11158 | 29270 | |
241 | 854 | 843 | 984 | 136 | 553 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 16.57% | 459Cr | 9665160 | 6499986 | 4820098 | 4134964 |
Angel | 8.64% | 239Cr | 9259957 | 8884390 | 5707352 | 9287191 |
Other People | 0.94% | 26Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 9.24% | 256Cr | 7536910 | 8935632 | 9100749 | 5451671 |
Other Investors | 5.82% | 161Cr | 86326 | 43440 | 50021 | 85969 |
Total | 100.00% | 2,770Cr | 3839558 | 7041190 | 4021053 | 3282128 |
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 18 events in the last 1 year, 11 of them have been about company updates and 4 about partnerships.
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Buzz Drones ideaForge Signs MoU with DMP for AI Droneselectronicsforyou.biz•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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ideaForge Secures ₹1 Billion Army Drone Orderselectronicsforyou.biz•Nov 17, 2025•indianarmy, ideaForge
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Skylark Labs & ideaForge Ink $35M Deal for AI-Powered Drone EcosystemPR Newswire•Oct 01, 2025•ideaForge, Skylark labs
•
IdeaForge Partners With First Breach To Expand US OfferingsInc42•Sep 24, 2025•ideaForge, First Breach
•
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