Big Bang Boom Solutions Pvt. Ltd. (BBBS), India’s fastest-growing defense sector start-up, has secured over INR 250 Crores from investors as part of its latest round keeping it poised to takeoff into the big leagues. This funding comes on the back of the Defence Ministry signing over Rs. 200 Crores in a deal for Indigenous Anti-Drone Technology and its successful foray into the African continent. The company had already turned profitable in the previous financial and looks set to deliver on its expectations in the years ahead.
Building a defense business requires patient capital. But expecting investors to have a 25 year horizon is a pipe dream. We therefore looked at the problem through a different lens. We decided to rotate the cap table 8 times in 25 years giving investors timely exits and an option to stay on. This can help build a company that can be a legacy brand and add real value. It is better to underprice a round than leave little on the table.”- Praveen Dwarakanath, CEO of BBBS said. BBBS core domains include Artificial Intelligence, Electronic Warfare and Nanotechnology. Having a talent pool with expertise in such diverse fields helps them stay one step ahead of the rest.
While the talk in town is generally about startups who keep raising money and set out to become Unicorns, this is the rise of a different breed: of the Indian Dragon – a startup which is profitable and has returned capital to its shareholders.