- Companies
- Raphe mPhibr
Raphe mPhibr Revenue, Valuation, Funding & Investors
Raphe mPhibr is valued at $900M as of June 2025, a 100.0x revenue multiple. Raphe mPhibr revenue was $9M, as disclosed with its latest round.
Last Raphe mPhibr valuation
$900M
Series B · Jun 2025
Last Raphe mPhibr funding round
$100M
Series B · Jun 2025
Raphe mPhibr revenue
$9M
Series B · Jun 2025
Key investors in Raphe mPhibr
Think Investments
Amal N Parikh
General Catalyst
About Raphe mPhibr
Raphe mPhibr manufactures aerospace components and unmanned aerial vehicles from Hyderabad, India. The company produces systems like the P19 Kaama drone for defense surveillance and civil applications including agriculture and logistics.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Product sales
Revenue
$9M (Jun 2025)
Valuation
$900M (Jun 2025)
Raphe mPhibr Valuation
Raphe mPhibr is currently valued at $900M, based on its Series B in June 2025.
The $100M round was led by General Catalyst, with participation from Think Investments and Amal N Parikh.
Raphe mPhibr's valuation has moved from $900M at its Series A in January 2022 to $900M in June 2025, across 2 priced rounds.
Raphe mPhibr valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2025 | Series B | $900M | 100.0x |
| Jan 2022 | Series A | $900M | - |
Raphe mPhibr Revenue
Raphe mPhibr's latest recorded revenue is $9M, as of its Series B in June 2025. At a $900M valuation, that implies a 100.0x revenue multiple.
Raphe mPhibr revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2025 | $9M | $900M | 100.0x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Raphe mPhibr Funding History
Raphe mPhibr has raised a total of $145M across 2 funding rounds.
Raphe mPhibr's first fundraising round was a $45M Series A in January 2022. The most recent completed round was a $100M Series B in June 2025.
Raphe mPhibr funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2025 | Series B | General Catalyst (lead); Think Investments; Amal N Parikh | $100M | $900M | Raphe mPhibr is a Noida-based Indian aerospace and defence startup founded in 2017 by siblings Vikash Mishra (Chairman) and Vivek Mishra (CEO), specializing in indigenous unmanned aerial vehicles (UAVs) and drones for military applications including logistics, surveillance, and situational awareness. The company designs, engineers, and manufactures all components in-house, such as flight controllers, batteries, structural materials, autopilots, and lightweight internal combustion engines, avoiding foreign suppliers especially from China and planning to localize radar and camera production within 18 months. It serves over 10 Indian government agencies like the Army, Navy, Air Force, and border security forces, with operational success including over 1 million km of flight logged and sales of more than 300 drones in the past year. In June 2025, Raphe mPhibr raised $100 million in an all-equity Series B round led by General Catalyst, with participation from existing investors including Think Investments, Amal Parikh, and high-net-worth family offices, bringing total funding to $145 million—the largest private capital raise for an Indian aerospace manufacturer. The round valued the company at nearly $900 million (with some sources citing $850-900 million range), funding expansion of R&D, a 650,000-square-foot manufacturing facility, and capex of Rs 700 crore in FY26-FY27. General Catalyst highlighted Raphe mPhibr's alignment with their Global Resilience thesis for secure, sovereign, and sustainable defense tech. The company has demonstrated strong traction with up to 4x revenue growth for four consecutive years, profitability since inception (last four years), and 600 employees (150 in research, 250+ in production). It positions itself against China's dominance in drones by enabling India's strategic self-reliance amid rising global UAV demand from conflicts and India's tripled drone procurement budget to $470 million. Raphe mPhibr plans an IPO within two to five years and aims to become India's leading vertically integrated defense innovation and manufacturing company. |
| Jan 2022 | Series A | Think Investments; Amal N Parikh | $45M | $900M | - |
Who has invested in Raphe mPhibr?
3 investors have backed Raphe mPhibr across its funding rounds, including Think Investments, Amal N Parikh and General Catalyst.
Lead investors include General Catalyst.
Raphe mPhibr Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jan 2022 | ||
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Start Free TrialRaphe mPhibr Competitors
Raphe mPhibr competitors include listed companies like Paras Defence And Space and BlackSky, and private ones like Agnikul, True Anomaly, ABL Space Systems and Mach Industries.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $50M | $13M | $1.2B | 20.2x | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $2.2B | - | ||
| Private | $19M | - | $2.4B | - | ||
| Private | - | - | $3.7B | - | ||
| Publicly listed | $107M | ($28M) | $887M | 6.7x |
Raphe mPhibr Public Comps
Raphe mPhibr is still privately-owned, but its public comps include BlackSky, Douglas Dynamics, MAHLE Metal Leve, Bjsasc, Autoneum Holding, ShinMaywa Industries, Standard Motor Products, ASTA Energy Solutions, New Vision Electronics and VBG Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $107M | ($28M) | 8.2x | 6.7x | (31.2x) | 64.4x | |||
| $656M | $89M | 1.8x | 1.6x | 13.6x | 10.2x | |||
| $1.1B | $194M | 1.0x | 1.0x | 5.6x | 5.4x | |||
| $181M | $6M | 3.6x | - | 117.0x | - | |||
| $2.8B | $308M | 0.5x | 0.5x | 4.7x | 4.5x | |||
| $1.8B | $145M | 0.5x | 0.5x | 6.4x | - | |||
| $1.8B | $184M | 0.8x | 0.8x | 7.8x | 6.9x | |||
| $815M | $57M | 1.1x | 1.0x | 16.4x | 13.7x | |||
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Common questions about Raphe mPhibr
| When was Raphe mPhibr founded? | Raphe mPhibr was founded in 2017. |
| Where is Raphe mPhibr headquartered? | Raphe mPhibr is headquartered in Noida, India. |
| Is Raphe mPhibr publicly listed? | No, Raphe mPhibr is a private, VC-backed company. |
| What is Raphe mPhibr's valuation? | Raphe mPhibr was last valued at $900M in its Series B in June 2025. |
| How much funding has Raphe mPhibr raised? | Raphe mPhibr has raised $145M across 2 funding rounds. |
| What was Raphe mPhibr's last funding round? | Raphe mPhibr's last funding round was a $100M Series B in June 2025, led by General Catalyst. |
| Who are Raphe mPhibr's investors? | Raphe mPhibr's investors include Think Investments, Amal N Parikh and General Catalyst. |
| What is Raphe mPhibr's revenue? | Raphe mPhibr's latest recorded revenue is $9M (June 2025). |
| What is Raphe mPhibr's revenue multiple? | Raphe mPhibr's latest valuation implies a 100.0x revenue multiple ($900M valuation on $9M of revenue). |
| Which companies are comparable to Raphe mPhibr? | Companies comparable to Raphe mPhibr include Paras Defence And Space, Agnikul, True Anomaly, ABL Space Systems, Mach Industries and BlackSky. |
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