Sanlayan explores a $35-40 million defence-electronics raise
Article image: MintSanlayan makes defence electronics and is exploring a $35 million to $40 million fundraise, Mint reports citing people familiar with the talks. The proposed valuation range is $150 million to $200 million, with acquisitions and research among possible uses. Talks are at an early stage and the company had not confirmed the transaction in the report.
DTT summary based on Mint's report. The full article is on the publisher's site.
Round details
Makes defence-focused electronics and is pursuing expansion through acquisitions and research.
- Talks are at an early stage; target valuation is $150-200M.
- Previous backers must not be presented as investors in this unclosed round.
- Proposed raise: $35-40M
- Valuation: $150-200M (target)