Confidential | Strategic Investment Round 2026

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ShortOrbit Defence

Defence Technology Division

Building India's Defence Technology Universe

7 defence technologies spanning post-quantum cryptography, autonomous multi-agent AI warfare, UAV safe-landing, indigenous SDR, and AI-driven security. Raising Rs 4 Cr at Rs 120 Cr valuation.

Post-Quantum CryptographyMulti-Agent AI WarfareUAV Safe LandingIndigenous SDRAI Security

Product Lines

Defence tech pillars

9.3Cr

Procured Orders

SAG SDR + CipherStrike

65.1Cr

Y1 Revenue Target

FY 2026-27

4Cr

Raising at 120 Cr

Strategic round

Y1 Team Size

Scaling to 88 by Y5

51%

Y1 EBITDA Margin

Software-first model

Our Products

Flagship Defence Platforms

CipherStrike Pro

Active

Visual Cryptographic Platform | Algorithm Modeling & Analysis

SDRStrike Pro

Active

Indigenous Software Defined Radio Platform | SAG DRDO Procured

CryptoDoc

Active

Secure Cryptographic Documentation | AI-Powered Analysis & Verification

Breakthrough Milestones

Procured

SDRStrike Pro at SAG DRDO

Rs 4.5 Crore tender successfully procured at SAG (Scientific Analysis Group), DRDO. Two additional licence requests from CAIR and ADE are in active pipeline, bringing Y1 SDRStrike revenue to Rs 13.5 Cr.

Procured

Rs 4.5 Cr

Pipeline

2 Licences

Y1 Total

Rs 13.5 Cr

April 2026

CipherStrike Pro -- SAG First PO

SAG is the Temple of Cryptography & Evaluation in India. First PO of Rs 4.8 Crore arriving April 2026. Post-SAG, 50+ licences sell directly via GeM portal order-cloning.

First PO

Rs 4.8 Cr

Post-SAG Pipeline

50+ Licences

Strategic Infrastructure

High-Tech Defence Labs at DRDO Premises

Building state-of-the-art defence technology labs directly within DRDO premises -- creating unparalleled credibility, institutional trust, and brand authority.

Software Defined Radio and AI Lab at DRDO premises

Software Defined Radio & AI Lab -- Installed at DRDO Facility

Multi-screen command center with real-time signal processing and AI analysis workstations

Why This Matters for Investors

Physical presence inside DRDO -- a strategic moat competitors cannot replicate
Live demo environments accelerate procurement from months to weeks
Organic PR and media visibility via defence publications
Daily interaction between DRDO scientists and ShortOrbit technology
Establishes embedded partner status vs. external vendor perception
Every visiting defence delegation sees ShortOrbit tech first

Credibility Flywheel

DRDO Lab --> Trust --> Faster Procurement --> GeM Cloning --> Revenue at Scale. Most capital-efficient GTM in Indian defence.

Product Portfolio

Seven Pillars of Defence Innovation

Click any product to expand details and product imagery.

*Indian Government budget allocation for SDR development

Active Deployments & Pipeline

Government Engagements

SAG

Tender Procured

SDRStrike Pro

Delhi|Rs 4.5 Cr

Rs 4.5 Cr tender procured. 2 more licences (CAIR + ADE) in pipeline.

SAG

PO - April 2026

CipherStrike Pro

Delhi|Rs 4.8 Cr

First full PO from the Temple of Cryptography. Post-SAG: 50+ licences via GeM.

ISRO

Pilot Deployment

CipherStrike Pro

Bangalore

Post-quantum encryption for satellite communication security.

CAIR

Pilot + Pipeline

CipherStrike + SDRStrike

Bangalore

Crypto for Centre for AI & Robotics. SDRStrike licence in pipeline.

ADE

Active Pilot + Pipeline

SkyAnchor AI + SDRStrike

Bangalore

UAV autonomous safe landing pilot. SDRStrike in pipeline.

Revenue Projections

5-Year Revenue Trajectory (FY 2027 -- FY 2031)

65.1 Cr

Y1
FY 2026-27

121.8 Cr

Y2
FY 2027-28

167.4 Cr

Y3
FY 2028-29

213.7 Cr

Y4
FY 2029-30

284.6 Cr

Y5
FY 2030-31

CipherStrike Pro

CryptoLLM

CryptoDoc

SkyAnchor AI

SDRStrike Pro

WarMind

Revenue Growth

65.1-->284.6Cr

4.4x growth over 5 years

Y1 EBITDA

33.17Cr (51%)

Y5 PBT

112.52Cr (39.5%)

Y5 PAT

84.2Cr (29.6%)

Revenue Quality

Built on confirmed SAG procurement, GeM order-cloning, and active DRDO pilot programs -- not speculative pipeline.

Detailed Revenue Breakdown

Product-Wise Revenue Model (in Cr)

Product	Y1 FY 2026-27	Y2 FY 2027-28	Y3 FY 2028-29	Y4 FY 2029-30	Y5 FY 2030-31
CipherStrike Pro	19.2	38.4	52.8	59.5	74.5
CryptoLLM	25.0	33.5	43.5	55.0	67.5
CryptoDoc	2.5	6.2	9.8	15.2	19.6
SkyAnchor AI	4.9	13.4	22.3	32.5	43.5
SDRStrike Pro	13.5	23.8	25.5	29.0	45.0
WarMind	-	6.5	13.5	22.5	34.5
Total Revenue	65.1	121.8	167.4	213.7	284.6

Team & Talent Plan

Headcount Plan by Function

Salary assumption: Avg CTC shown per role (in Lakhs/year). 15% annual increment applied. Total cost computed with increment compounding.

Team / Function	Avg CTC (L/yr)	Y1	Y2	Y3	Y4	Y5
AI / ML Engineers	30L	4	7	10	14	18
Cryptography Research	32L	3	5	7	9	11
Software Development	22L	5	8	12	16	20
SDR & Embedded Systems	26L	3	5	8	12	16
Management & Directors	48L	3	4	5	6	7
Sales & BD (Govt Liaison)	18L	2	4	6	8	10
Admin, HR & Finance	10L	2	3	4	5	6
Total Headcount		22	36	52	70	88
Total Annual Cost (Cr)	+15%/yr	6.04	11.15	18.3	28.2	40.65

Revenue per employee: Y1: Rs 3.0L | Y2: Rs 3.4L | Y3: Rs 3.2L | Y4: Rs 3.1L | Y5: Rs 3.2L

Profitability Analysis

EBITDA, PBT & PAT Projections (in Cr)

Conservative model with realistic margin compression: salary increments (15%/yr), headcount scaling from 22 to 88, heavy R&D investment for WarMind and SDR Hardware (Y2-Y4), expanding DRDO labs and AI infrastructure, inflation at 6-7%. PBT margins decline from ~45% to ~30% as scale demands more resources. Another fundraise planned before SDR HW full production. Tax calculated at 25.17% under new corporate tax regime.

COGS: 20-28% (hardware ramp-up)Employee: 15% annual incrementHeadcount: 22 --> 88R&D: Heavy Y2-Y4 (WarMind, SDR HW)Tax: 25.17% (New Regime)Next round before SDR HW production

Metric	Y1 FY 2026-27	Y2 FY 2027-28	Y3 FY 2028-29	Y4 FY 2029-30	Y5 FY 2030-31
Revenue	65.10	121.80	167.40	213.70	284.60
(-) COGS (Delivery, Hardware, 3rd Party)	13.02	28.01	43.52	59.84	76.84
Gross Profit	52.08	93.79	123.88	153.86	207.76
(-) Employee Cost (incl. 15% annual increment)	6.04	11.15	18.30	28.20	40.65
(-) R&D Investment (WarMind, SDR HW, SkyAnchor)	1.80	5.20	8.50	7.80	5.50
(-) Rent + Infra + Govt Office	4.56	9.74	15.07	18.16	22.77
(-) AI Infrastructure (GPU, Cloud)	1.95	4.87	7.53	8.55	9.96
(-) Travel + BD + Compliance	2.93	4.87	5.86	6.41	8.54
(-) Admin + Legal + Audit + Misc	1.63	2.44	3.35	3.85	4.27
Total Operating Expenses	18.91	38.27	58.61	72.97	91.69
EBITDA	33.17	55.52	65.27	80.89	116.07
EBITDA Margin	51%	45.6%	39%	37.9%	40.8%
(-) Depreciation (Labs, Servers, Equipment)	0.65	1.20	2.10	2.80	3.20
(-) Interest (WC Loans, BG Margins)	0.18	0.35	0.48	0.42	0.35
Profit Before Tax (PBT)	32.34	53.97	62.69	77.67	112.52
PBT Margin	49.7%	44.3%	37.4%	36.3%	39.5%
(-) Tax @ 25.17% (New Regime)	8.14	13.58	15.78	19.55	28.32
Profit After Tax (PAT)	24.20	40.39	46.91	58.12	84.20
PAT Margin	37.2%	33.2%	28%	27.2%	29.6%
Team Size	22 people	36 people	52 people	70 people	88 people

Use of Funds

Rs 4 Cr Fundraise Utilization

Raising Rs 4 Crore at Rs 120 Crore pre-money valuation. Capital deployed for government procurement enablement, working capital bridge (government payments are delayed 60-90 days), and strategic R&D.

1.6340.8%

Bank Guarantees (EMD/BG for Govt tenders)

~5% of Y1 revenue (Rs 65.1 Cr) required as earnest money / bank guarantees for govt procurement tenders

0.8521.3%

Working Capital Bridge (Govt payment cycle)

Govt payments delayed by 60-90 days. Bridge salary + vendor payouts for 2-month cashflow gap

0.5513.8%

AI Infrastructure (GPU servers, cloud compute)

On-prem GPU cluster for CryptoLLM training, SkyAnchor AI model development, and WarMind prototype

0.4210.5%

Govt Office Setup & DRDO Lab Expansion

New liaison offices near defence establishments + expansion of DRDO-hosted labs for SDR & AI

0.358.8%

R&D Pilots (WarMind & SkyAnchor prototyping)

Initial R&D investment in multi-agent AI architecture and UAV navigation hardware for pilot programs

0.25.0%

Contingency & Compliance

Defence compliance certifications, legal, insurance, and unforeseen requirements

Total Raise

Rs 4.00 Cr

Pre-Money Valuation: Rs 120 Cr

Dilution: ~3.2%

Post-Money: Rs 124 Cr

Competitive Position

Strategic Advantages

SAG Certification Moat

SAG procurement is gold standard. Once SAG certifies, order-cloning via GeM portal enables rapid scale across all defence agencies.

Multi-Product Synergy

Seven products create deep cross-selling. A single agency becomes buyer for cryptography, SDR, AI security, and autonomous systems.

DRDO Lab Presence

High-tech labs at DRDO premises create unmatched credibility, PR, and institutional relationships competitors cannot replicate.

Autonomous AI Edge

WarMind and SkyAnchor AI position ShortOrbit at the frontier of autonomous warfare and UAV safety.

Rs 2L Cr SDR Opportunity

Government allocated Rs 2 Lakh Crore for SDR modernization. Indigenous SDR stack positioned to capture meaningful share.

Revenue-Backed Fundraise

Rs 4 Cr raise at Rs 120 Cr valuation backed by Rs 9.3 Cr confirmed orders and Rs 65 Cr Y1 pipeline. Capital-efficient growth.

Investment Thesis

Valuation & Ask

Pre-Money Valuation

120Cr

Raising Rs 4 Cr | ~3.2% Dilution

284.6Cr Y5 Revenue

Key Valuation Drivers

SAG dual procurement: SDRStrike (4.5 Cr) + CipherStrike (4.8 Cr)

Rs 9.3 Cr confirmed orders before investment close

50+ licence GeM portal pipeline post-SAG certification

7 product lines with exponential cross-sell potential

Active pilots at ISRO, CAIR, ADE

High-tech DRDO labs creating institutional moat

Rs 2L Cr government SDR budget opportunity

Margins validated -- profitable from Y1

Rs 112.52 Cr Y5 PBT (39.5%) | Rs 84.2 Cr PAT (29.6%)

Next fundraise for SDR HW production at higher valuation

Roadmap

Towards India's Sovereign Defence Technology Stack

Q1 FY27

SAG Dual Procurement

Rs 4.5 Cr SDRStrike + Rs 4.8 Cr CipherStrike Pro POs from SAG

H1 FY27

GeM Portal Scale + DRDO Labs

50+ CipherStrike licences via order-cloning. SDRStrike at CAIR & ADE.

FY 2026-27

Rs 65.1 Cr Revenue Year

Full deployment across all products. Team scales to 22 people.

FY 2027-28

Rs 121.8 Cr & WarMind R&D

Heavy R&D investment. Team grows to 36. Margins compress as we invest.

FY 2028-29

Rs 167.4 Cr & Next Fundraise

Raise next round for SDR HW production and WarMind deployment.

FY 2030-31

Rs 284.6 Cr & Global Scale

88 people. SDR HW production. WarMind deployment. Export pipeline.

Total Addressable Market

1,000+Cr

Combined TAM across all 7 product lines