Huddle waiting for regulatory clarity before investing in drone space

Chennai: Huddle, an accelerator and early-stage disruptive startups fund, has consciously decided to wait till more clarity emerges from a regulatory standpoint before taking the plunge and funding drone companies, founding partner Ishaan Khosla told ET.

The company, meanwhile, has announced its commitment of Rs 50 crore to grow early-stage startups by 2022.

He said the Huddle team has already deployed close to Rs 25 crore in 2021 across 19 ventures. The funds have been and will continue to be invested in startups across sunrise sectors such as D2C, electric vehicles, alternative nutrition, creators’ economy, and gaming, among others.