Defence technology startup Tonbo has secured Rs 175 crore in Series D funding from Florintree Advisors and EXIM Bank ahead of its upcoming IPO, valuing the company at ‘1,500 crore. Founded in 2012, Tonbo is known for its advanced vision equipment used in the global security and defence industry, with key investors including Artiman and Qualcomm. The company, inspired by the dragonfly’s exceptional visual capabilities, offers military equipment such as night vision goggles and thermal weapon sights to clients like DRDO and the Indian Air Force.
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