Vehant Technologies, a Noida-based provider of security and surveillance solutions, has raised $9 million (approximately Rs 75 crore) in a mezzanine funding round from the private credit fund of True North, an Indian investment firm. The funding was secured via a Non-Convertible Debenture (NCD) route.
Strategic Utilization of Funds
The company plans to leverage the funds to:
- Enhance research and development (R&D) activities.
- Upgrade its current portfolio of security and surveillance offerings.
- Develop innovative solutions for aviation security, smart cities, and enterprise analytics.
- Expand exports to key international markets, including the Middle East and Europe.
Path to IPO and Revenue Goals
Co-founded in 2005 by Kapil Bardeja and Anoop Prabhu, Vehant Technologies is an IIT Delhi-incubated venture that specializes in developing cutting-edge, made-in-India solutions for physical security, smart cities, and enterprise analytics.
The company aims to achieve revenue of Rs 350 crore by FY26 and is preparing for an Initial Public Offering (IPO)within the next 12 to 18 months. The new funding is expected to play a pivotal role in accelerating this timeline.
Scaling Operations and Workforce
Vehant has announced plans to hire over 75 R&D specialists, expanding its team to over 500 members. This move aligns with its focus on innovation and meeting the growing global demand for advanced security solutions.
About True North
True North’s private credit platform, which has raised over Rs 1,300 crore, specializes in providing bespoke financing solutions to businesses. The partnership with Vehant Technologies reflects True North’s commitment to supporting homegrown companies in scaling their operations and achieving global recognition.
With this funding, Vehant Technologies is poised to solidify its position as a leader in the security and surveillance industry while expanding its reach to international markets and driving innovation in advanced security systems.
