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Spacetech startup Digantara raises $50 Mn in Series B round

EntrackrEntrackr · 2d ago
Spacetech startup Digantara raises $50 Mn in Series B round
Medial

Spacetech startup Digantara raises $50 Mn in Series B round Digantara, a space surveillance and intelligence platform, has closed its Series B fundraise of $50 million from a mix of new strategic and financial investors, including 360 ONE Asset, SBI Investments Co Japan, and Ronnie Screwvala, with continued participation from existing investors Peak XV Partners and Kalaari Capital. The fresh capital will support global expansion beyond India and the United States, the establishment of new manufacturing facilities for optical systems and satellite production, and the scaling of R&D teams worldwide. The company also plans to deploy 15 space surveillance satellites and two missile-warning satellites during 2026–27. Founded in December 2018 by Anirudh Sharma, Digantara is a space situational awareness company that develops space- and ground-based infrastructure to support safe and secure space operations. It provides data-driven orbital insights to governments, defence agencies, and commercial stakeholders globally. Its integrated platform, AIRA, combines sensing hardware, data processing, and analytics across space and terrestrial systems to enable surveillance and threat monitoring. The infrastructure includes the SCOT constellation for space surveillance, the ALBATROSS series for missile warning and tracking, and SKYGATE, a network of ground-based sensors. These systems are scheduled for phased deployment through 2026–27. Digantara operates across India, Singapore, and the United States, and plans to expand into Europe by mid-2026 to strengthen its space and defence monitoring capabilities. In February 2024, the Aditya Birla Group and SIDBI Venture Capital acquired minority stakes in Digantara. Prior to this, the company had raised $10 million in a Series A round. According to TheKredible, the company’s shareholding details reflect these investments. Several space-tech startups have raised capital over the past 12 months, including Inspecity, Manastu Space, Sisir Radar, OrbitAid, Pixxel, Ulook, and Akashalabdhi. Other players in the segment include Agnikul Cosmos, Skyroot Aerospace, Bellatrix, GlaxEye, Dhruva, SatSure, and Vesta Space.

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Dhruva Space raises $15 Mn in Series A round

EntrackrEntrackr · 1y ago
Dhruva Space raises $15 Mn in Series A round
Medial

Space tech startup Dhruva Space has raised $15 million (Rs 123 crore approximately) in its Series A round from Indian Angel Network Alpha Fund and Blue Ashva Capital, as well as Silverneedle Ventures, BIG Global Investment JSC (BITEXCO Group) IvyCap Ventures, Mumbai Angels, and Blume Founders Fund. The fundraise also includes a Rs 10 crore venture debt from Small Industries Development Bank of India (SIDBI) and a Rs 14 crore venture debt from Technology Development Board. The proceeds will be used for upcoming spacecraft manufacturing facilities, strategic business acquisitions, and enhancing product offerings, the company said in a press release. Founded by Sanjay Nekkanti and Chaitanya Dora, Dhruva Space has launched as many as eight payloads in the last 24 months, including the Thybolt satellites mission in November 2022 and the LEAP-TD mission on 01 January 2024. The Hyderabad-based startup is active across space, launch, and ground segments, and supports civilian and defence clients worldwide. It offers satellites teamed with Earth Station/s and Launch Services as an integrated solution or individually as technology solutions to power space-based applications on Earth and beyond. Over the past few years, several space tech startups such as Agnikul Cosmos, Skyroot Aerospace, Pixxel, Bellatrix, GlaxEye, Dhruva, Vesta Space, Digantara and InspeCity have managed to raise decent funding. In June last year, spacetech startup Digantara raised $10 million in Series A1 funding led by Peak XV Partners (formerly Sequoia Capital India) and Kalaari Capital. In the same month, Pixxel scooped up $36 million in a series B funding round from new investors such as Google.

Bellatrix Aerospace to secure fresh funds at flat valuation

EntrackrEntrackr · 7m ago
Bellatrix Aerospace to secure fresh funds at flat valuation
Medial

Spacetech startup Bellatrix Aerospace is set to raise Rs 26 crore (approximately $3 million) in a pre-Series B round from existing investors including Inflexor Ventures, StartupXseed Ventures, Pavestone VC, Survan Partners, and others. Previously, the company raised $8 million in its Series A round led by BASF Venture Capital in June 2022. According to regulatory filings accessed from the Registrar of Companies (RoC), the board at Bellatrix approved a resolution to issue 4,873 pre-Series B compulsorily convertible preference shares (CCPS) at an issue price of Rs 53,450 each to raise the aforementioned amount. The company has already received Rs 10.8 crore and is expected to receive the remaining funds soon. As per Entrackr’s estimates, the company’s valuation stood at Rs 314 crore or $37 million, reflecting flat valuation compared to the previous round. Founded in 2015, Bellatrix Aerospace develops advanced propulsion systems for missions ranging from deploying nanosat constellations to ferrying heavy communication satellites to geostationary orbit. It created the world’s first commercial Microwave Plasma Thruster using water as fuel and secured an order from ISRO. Recently, Bellatrix Aerospace announced the expansion of operations to the US and plans to set up manufacturing facilities in Delaware. According to startup data intelligence platform TheKredible, the Bengaluru-based startup has raised approximately $12.5 million to date from StartupXseed Ventures, Pavestone VC, Inflexor Ventures, and others. For the financial year ended 2024, the spacetech startup reported Rs 2 crore in operating revenue, while incurring Rs 12.35 crore loss during the same period. Bellatrix Aerospace competes with other prominent spacetech startups such as Agnikul, Skyroot Aerospace, Pixxel, Dhruva Space, Digantara, and others. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.

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