When was ideaForge founded?

ideaForge was founded in 2007 and raised its 1st funding round 2 years after it was founded.

Where is ideaForge located?

ideaForge is headquartered in Navi Mumbai, India. It is registered at El-146, TTC Industrial Area, Electronic Zone MIDC, Mahape, Navi Mumbai, Thane, Navi Mumbai, Maharashtra, India, 400710.

Who is the current CEO of ideaForge?

Ankit Mehta of ideaForge. They are also angel investors in 2 startups.

Which legal entities is ideaForge associated with?

ideaForge is associated with Ideaforge Technology Limited and 1 other.

How many employees does ideaForge have?

As of May 31, 2026, ideaForge has 531 employees, reflecting a 49% year-over-year decline in headcount.

Is ideaForge a funded company?

ideaForge is a funded company, having raised a total of $53.8M across 18 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Mar 31, 2009.

When was the latest funding round of ideaForge?

ideaForge's latest funding was a $***** Post IPO round on Jul 14, 2026, with participation from 2 investors. Its primary sector is Drones. In India, the Drones sector has seen $66.8M in funding in 2026 to date.

What is the annual revenue of ideaForge?

Annual revenue of ideaForge is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does ideaForge rank among its competitors?

ideaForge ranks 30th amongst 1015 active competitors, of which 167 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was ideaForge, which secured $52.2M in Jul, 2026.

Who are the top competitors of ideaForge?

ideaForge's top competitors include Parrot, Anduril and Quantum Systems. Among them, ideaForge secured the most recent funding round in July, 2026.

ideaForge - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of drone manufacturing, advanced drone software, and drone services solutions. It is a leading drone manufacturing and software company, providing advanced drone solutions to various industries, including construction, agriculture, and more. The company's products and services enable real-time site visibility, improved workflows, and data-driven decision-making through drone data analytics.

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

Post IPO, Jul 14, 2026, $*****

Investors

Florintree & 60 more

Ranked

30^th among 1015 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

531 as on May 31, 2026

Investment & Acquisitions

GalaxEye & 3 more

Similar Companies

Parrot & 988 more

Exit Details

Public

View ideaForge's full profile

ideaForge is associated with 2 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	₹100 - ₹500 Cr (As on Mar 31, 2025)	531 (As on May 31, 2026)
Ideaforge Technology Limited CIN: U31401MH2007PLC167669 , India, Active		₹100 - ₹500 Cr (As on Mar 31, 2024)	526 (As on May 31, 2025)

ideaForge got listed on Jul 07, 2023.

Click here to take a look at ideaForge's IPO in detail

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:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 14, 2026	8727848	Post IPO	6602874	2334282	9465498	4214477
Jun 07, 2023	4721525	Series C	9657099	6854905	5497055	360 One & 3 more
May 17, 2023	8346356	Grant (prize money)	6896152	8549395	2943330	DST

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View details of ideaForge's funding rounds and investors

The founders of ideaForge is Ankit Mehta. 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

ideaForge's Board of Directors

ideaForge's board has 12 active members. Mathew Cyriac, Sujata Vemuri, Nicholas Brathwaite, Palepu Sudhir Rao, Ganapathy Subramaniam, Ankit Mehta, Ashish Ramesh Bhat, Rahul Singh and Vipul Joshi 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
Rahul Singh	Team	-	Current	19y 6m
Vipul Joshi	Team	-	Current	3y 9m
eebwrgg	Team	-	Current	2y 3m
fqkrici	Team	-	Current	1y 6m
Mathew Cyriac	Investor	Blackstone	Current	4y 1m
Sujata Vemuri	Investor	-	Current	15y 10m
wdtzjow	Investor	cgtyusn	Current	9y 8m
ldizcvs	Investor	vjxa{da	Current	2y 3m
oqwxcoe	Investor	i{{gqer	Current	9y 5m
Vikas Balia	Independent board member	-	Current	3y 7m
fxiyjsv	Independent board member	-	Current	6y 4m
mvyiydy	Independent board member	-	Current	5y 9m

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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Top competitors of ideaForge include Parrot, Anduril and Quantum Systems. Here is the list of Top 10 competitors of ideaForge, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Parrot 1994, Paris (France), Public	Manufacturer of unmanned aerial vehicles and related software and solutions	-	Sofinnova Partners, Seventure Partners & 4 others	76/100
2nd	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	Founders Fund, Andreessen Horowitz & 80 others	75/100
3rd	Quantum Systems 2015, Gilching (Germany), Series D	AI-powered aerial intelligence and reconnaissance systems	$1.82B	Balderton Capital, 10x Group & 37 others	74/100
4th	Skydio 2014, San Mateo (United States), Series F	Manufacturer of autonomous drones and related software, services, and accessories	$825M	Andreessen Horowitz, Linse Capital & 36 others	69/100
5th	Shield AI 2015, San Diego (United States), Series G	Developer of AI-powered platforms and software for defense applications	$3.52B	Disruptive, JPMorgan Chase & 44 others	68/100
6th	Aurora 1989, Manassas (United States), Acquired	Developer of advanced aircraft and enabling technologies for government and commercial sectors	$6.85M	CYwP Funds, Global Environment Fund & 2 others	68/100
7th	Raphe 2017, Noida (India), Series B	Manufacturer of carbon fiber composite products and unmanned aerial vehicles	$154M	Ascent Capital, General Catalyst & 59 others	68/100
8th	Delair 2011, Toulouse (France), Series B	Aerial-imagery services using proprietary drones	$17.4M	Andromede, Bpifrance & 3 others	67/100
9th	Vantage Robotics 2013, San Francisco (United States), Series B	Creates unmanned aircraft systems	$8.94M	Hone Capital, Refinery & 6 others	65/100
10th	Tekever 2001, Lisbon (Portugal), Series B	Manufacturer UAVs and software products for military and enterprise applications	$96.8M	Ventura Capital, Baillie Gifford & 7 others	65/100
30th	ideaForge 2007, Navi Mumbai (India), Public	Provider of drone manufacturing, advanced drone software, and drone services solutions	$53.8M	HDFC Mutual Fund, BlackSoil & 59 others	57/100

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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	8946106	6176960	9247164	2238943
Fund	27.91%	773Cr	1340035	3687478	3486139	2214266
360 One	0	0	0	0	0	0
Motilal Oswal Asset Management Company	0	0	0	0	0	0
BlackSoil	0	0	0	0	0	0
Blue Ashva Capital	0	0	0	0	0	0
Enterprise	16.57%	459Cr	9262830	2748115	3827188	6532706
Angel	8.64%	239Cr	3697999	6607821	3795399	6676146
Other People	0.94%	26Cr	0	0	0	0
ESOP Pool	9.24%	256Cr	3025345	4332883	6386826	4033375
Other Investors	5.82%	161Cr	42579	18436	60708	71873
Total	100.00%	2,770Cr	8898262	3876598	5646550	3067008

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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.

Disclaimer

View more details of ideaForge's Shareholding

ideaForge has not made any acquisitions yet. ideaForge has made 4 investments.

Here is the list of latest three $investments:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 16, 2024	Investments	GalaxEye	2021	Bengaluru (India)
Feb 12, 2024	Investments	Techeagle	2015	Gurugram (India)
Jul 28, 2023	Investments	Techeagle	2015	Gurugram (India)