Bengaluru-based spacetech firm Digantara Research & Technologies has closed a $50 million Series B round that values the company at nearly $200 million (about ₹1,740 crore), a sharp rise from its roughly ₹590 crore valuation in 2024. The capital infusion underscores growing investor confidence in India’s private space sector and in solutions for space situational awareness.
Investor mix and strategic backing
The Series B was led by Reliance Business Ventures, with participation from 360 ONE Asset, SBI Ventures and entrepreneur Ronnie Screwvala. Existing backers, including Peak XV Partners and Kalaari Capital, also retained their stakes, signalling continued belief in Digantara’s technology and long-term market opportunity.
The round highlights increasing interest from large Indian institutions in deep-tech startups, particularly those whose offerings align with national security and critical infrastructure needs.
Technology and market focus
Founded in 2018 by engineers Anirudh Sharma, Rahul Rawat and Tanveer Ahmed, Digantara specialises in space domain awareness. The company develops integrated space- and ground-based sensor systems, analytics and data-intelligence platforms to track, characterise and predict the behaviour of objects in Earth orbit.
With global satellite launches accelerating, demand for debris monitoring, collision avoidance and early-warning services has risen. Digantara’s products target defence organisations, government agencies and commercial satellite operators, addressing both civil and strategic use cases.
Use of proceeds and expansion plans
The fresh capital will be deployed to expand manufacturing capacity, deepen research and development, and scale deployments of space-surveillance infrastructure. International growth—especially in the United States and Europe, where demand for space intelligence and early-warning systems is growing—is a stated priority.
Implications for India’s spacetech ecosystem
Digantara’s valuation and fundraise come amid policy reforms and rising private participation in India’s space sector. The company’s progress illustrates how domestic startups are building competitive deep-tech capabilities in areas historically led by large aerospace firms.
By advancing space-safety and intelligence capabilities, Digantara aims to strengthen India’s role in the global space economy while supporting commercial and national-security needs at home and abroad.
