India’s Airbound bags $37M to take on trucks with rocket-like drones

Airbound, an Indian drone delivery company, has secured $37 million in funding to compete with traditional truck-based logistics using high-speed delivery drones. The company's lightweight drone technology has attracted prominent investors including Greenoaks, DoorDash, and Silicon Valley investor Lachy Groom. This funding positions Airbound to scale its operations and challenge conventional last-mile delivery methods.