Financial advisory firm SKS takes action towards Ammunic Systems' fundraising effort
In the bustling tech hub of Bengaluru, defence tech startup Ammunic Systems has made significant strides in its journey towards redefining the future of defence and aerospace. The company, founded by Priyanka Singhal in 2024, specializes in the design and development of advanced weapon systems, with a focus on electronic fuzes, warheads, and munition integration technologies.
A key moment in Ammunic Systems' growth journey was the successful completion of a $1.1 million seed funding round in 2025. This round was co-led by India Accelerator and Finvolve, and saw the transfer of assets from the founder's sole proprietorship to a newly incorporated private limited entity.
During this critical transaction, Ammunic Systems was ably guided by legal advisory firm SKS Advisor. Neha Bhutoria, Partner at SKS Advisor, played a pivotal role, acting as the legal counsel for Ammunic Systems. She was joined by Sonali Khandelwal, an Associate at SKS Advisor, in navigating the strategic commercial negotiations that formed a crucial part of the transaction.
SKS Advisor's involvement was instrumental in ensuring a smooth and successful completion of the transaction. The firm's expertise and guidance were invaluable in guiding Ammunic Systems through the complexities of the funding round, enabling the startup to focus on its core business of developing advanced weapon systems.
As a result of this funding round, Ammunic Systems aspires to become a next-generation technology leader in the defence and aerospace sector. The company's vision is to continue pushing the boundaries of what is possible in the field of defence technology, and to contribute to the safety and security of nations around the world.
In Bengaluru, the story of Ammunic Systems serves as a testament to the potential of homegrown defence tech startups, and the critical role that legal advisors like SKS Advisor can play in their success. As these startups continue to grow and innovate, it is clear that they will play a significant role in shaping the future of defence and aerospace technology.
In the midst of their growth journey, Ammunic Systems managed to secure $1.1 million in seed funding, led by India Accelerator and Finvolve, a substantial infusion of capital that primarily sourced from the finance sector. The transaction was facilitated by legal advisory firm SKS Advisor, whose expertise in business law was crucial in navigating the complexities of the funding round.
