Spacetech Startup Digantara Bags Funding From Aditya Birla Ventures, SIDBI

Spacetech Startup Digantara Bags Funding From Aditya Birla Ventures, SIDBI

SUMMARY

The round comprised two tranches. In the first leg, the company raised $10 Mn led by Peak XV Partners in June last year

Founded in 2018 by Anirudh Sharma, Rahul Rawat and Tanveer Ahmed, Digantara is working on building a sustainable space ecosystem by developing a space debris detector

As per Inc42’s Indian Spacetech Startup Landscape & Market Opportunity Report 2023, over 150 startups have collectively raised more than $285 Mn

Spacetech startup Digantara on Wednesday (February 28) said it has marked the final close of its Series A1 funding round at $12 Mn (around INR 99 Cr). 

The round comprised two tranches. In the first leg, the company raised $10 Mn led by Peak XV Partners in June last year, while in the second leg, it secured $2 Mn from Aditya Birla Group’s VC arm Aditya Birla Ventures and government-owned lender Small Industries Development Bank of India (SIDBI).

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