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 have also founded 1 company and are 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, the latest employee count at ideaForge is 531.

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.

What is the annual revenue of ideaForge?

Annual revenue of ideaForge is between ₹100 Cr and ₹500 Cr as on Mar 31, 2026

Where does ideaForge rank among its competitors?

ideaForge ranks 13th amongst 1240 active competitors, of which 177 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Tekever, which secured $580M in Sep, 2026.

Who are the top competitors of ideaForge?

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

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

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

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

Investors

Florintree & 60 more

Ranked

13^th among 1240 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2026

Employee Count

531 as on May 31, 2026

Investment & Acquisitions

GalaxEye & 3 more

Similar Companies

Quantum Systems & 1156 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	Reports
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 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	7796066	Post IPO	6258926	3102230	4931679	4874324
Jun 07, 2023	3927485	Series C	4120632	2904084	8265741	360 One & 3 more
May 17, 2023	5947417	Grant (prize money)	2390036	8708725	5795466	DST

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View details of ideaForge's funding rounds and investors

The 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
Vipul Joshi	Team	-	Current	3y 11m
Rahul Singh	Team	-	Current	19y 8m
jugfqto	Team	-	Current	8y 1m
zkbcnjt	Team	-	Current	6y 7m
Mathew Cyriac	Investor	Blackstone	Current	4y 3m
Sujata Vemuri	Investor	-	Current	16y 0m
yqerfbb	Investor	cwzgdpu	Current	5y 9m
{wmwdhb	Investor	kvqystj	Current	1y 9m
gvuxske	Investor	gqsoajq	Current	1y 2m
Vikas Balia	Independent board member	-	Current	3y 9m
trvpyu{	Independent board member	-	Current	9y 6m
fghkgfe	Independent board member	-	Current	5y 2m

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 Quantum Systems, Parrot and Anduril. 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	Quantum Systems 2015, Gilching (Germany), Series D	AI-powered aerial intelligence and reconnaissance systems	$1.82B	Balderton Capital, 10x Group & 37 others	78/100
2nd	Parrot 1994, Paris (France), Public	Manufacturer of unmanned aerial vehicles and related software and solutions	-	Sofinnova Partners, Seventure Partners & 4 others	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	Founders Fund, Andreessen Horowitz & 87 others	76/100
4th	Skydio 2014, San Mateo (United States), Series F	Manufacturer of autonomous drones and related software, services, and accessories	$825M	Andreessen Horowitz, IVP & 37 others	73/100
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	Raphe 2017, Noida (India), Series B	Manufacturer of carbon fiber composite products and unmanned aerial vehicles	$154M	Ascent Capital, Dovetail Capital & 60 others	67/100
7th	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	67/100
8th	Delair 2011, Toulouse (France), Series B	Aerial-imagery services using proprietary drones	$17.4M	Andromede, Intel Capital & 3 others	67/100
9th	Tekever 2001, Lisbon (Portugal), Series D	Manufacturer UAVs and software products for military and enterprise applications	$677M	Baillie Gifford, Ventura Capital & 9 others	66/100
10th	Garuda Aerospace 2015, Chennai (India), Series B	Manufacturer of unmanned aerial vehicles for agricultural and industrial applications	$49.5M	Venture Catalysts, Balancekey Advisors & 172 others	66/100
13th	ideaForge 2007, Navi Mumbai (India), Public	Manufacturer of unmanned aerial vehicles and provider of flight software	$53.8M	HDFC Mutual Fund, Qualcomm Ventures & 59 others	65/100

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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. The cap table displayed below is for Ideaforge Technology Limited which is the legal entity associated with ideaForge.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	30.88%	855Cr	2038034	3539165	5715329	3081102
Rahul Singh	8061961	8171873	2102828	1664692	8652577	4150838
Fund	27.91%	773Cr	9932178	6615203	3170805	7736261
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	8011658	3845949	4778104	7563204
Angel	8.64%	239Cr	4529022	5156874	2319627	8325879
Other People	0.94%	26Cr	0	0	0	0
ESOP Pool	9.24%	256Cr	1513217	8678263	4855950	6508691
Other Investors	5.82%	161Cr	22959	79712	19448	14299
Total	100.00%	2,770Cr	5162904	8748366	3218237	8852752

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

Disclaimer

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

Here is the list of latest three $investments:

Filter this list

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)