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Funding · Government, Defense & Space

Dhruva Space raises $4.2 Mn in Pre-Series B

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Dhruva Space logo
Date
Company
Dhruva Space
What it does
Space engineering solutions provider
Kind
Funding
Amount
$4.2 Mn (INR 38.7 Cr)
Stage
Pre-Series B
Founded
2012
Sector
Government, Defense & Space

What they do

Dhruva Space develops small satellites, ground stations, and launch solutions for commercial, government, and academic clients

What happened

The company is raising $4.2 Mn (INR 38.7 Cr) in a Pre-Series B round led by IAN Alpha Fund, with participation from GVFL, Blue Ashva Capital, and angel…

Why it matters

The round follows a $6 Mn tranche in November 2025 and comes as Indian spacetech funding surged 94% to $157 Mn in 2025

The details

  • Dhruva Space is raising $4.2 Mn (INR 38.7 Cr) in an ongoing Pre-Series B round.
  • The round is led by IAN Alpha Fund, which is investing up to INR 26 Cr.
  • Other investors include GVFL (INR 10 Cr), Blue Ashva Capital (INR 2.4 Cr), and angel investor Pradeep Sinha.
  • The board passed a proposal on January 28, 2026 to raise the amount via 414 Pre-Series B CCPS at face value INR 100 plus a premium of INR 9.34 Lakh per share.
  • A previous Pre-Series B tranche of INR 51.76 Cr ($6 Mn) was raised in November 2025 from AVCF1, Hyderabad Angel Fund, AR Enterprises, Ativira Technologies, and other angel investors.
  • The company's first commercial satellite mission LEAP-1 was deployed in August 2025 aboard a SpaceX Falcon 9 rocket.
  • Its Polar Access-1 (PA-1) mission aboard ISRO's PSLV-C62 on January 12, 2026 failed due to an unsuccessful launch.

The bigger picture

  • Indian spacetech funding surged 94% to $157 Mn in 2025 from $81 Mn in 2024, per Inc42's Annual Indian Startup Trends Report 2025.
  • The Indian Space Policy 2023 and the INR 1,000 Cr Antariksh Venture Capital Fund provide long-term capital visibility for the sector.
  • Competitor Digantara raised a $50 Mn Series B for space surveillance expansion, highlighting growing investor interest in spacetech.

About the business

  • Dhruva Space develops end-to-end space engineering solutions, including small satellites, ground stations, launch solutions, and mission support.
  • It serves commercial, government, and academic customers.
  • Its first commercial satellite mission LEAP-1 hosted two IOD missions: the Akula Tech Nexus-01 AI module and the Esperesso hyperspectral imager by Esper Satellites for OTR-2.
  • The PA-1 mission was a multi-satellite programme for 10 satellite-based missions, deploying 4 satellites and 5 separation systems for environmental monitoring, education, and communications.
  • PA-1 included LACHIT-1, a satellite developed with Assam Don Bosco University, the first satellite mission from India's Northeast region.
  • The company is working on a Synthetic Aperture Radar (SAR) satellite constellation targeted for late 2026, enabling 24/7 all-weather high-resolution imaging for strategic, defence, and commercial applications.

What happens next

  • The company is working on a Synthetic Aperture Radar (SAR) satellite constellation targeted for late 2026.

The deal

Type
Pre-Series B

Investors

Founders

  • Sanjay Nekkanti, Co-founder
  • Chaitanya Dora Surapureddy, Co-founder
  • Abhay Egoor, Co-founder
  • Krishna Teja Penamakuru, Co-founder

About Dhruva Space

Product
Full-stack space engineering across spacecraft engineering, launch integration, ground station infrastructure, and space applications.
Customers
Satellite and space-sector customers, including commercial and institutional buyers.
How it makes money
Earns revenue from space hardware, systems integration, and related services.
What sets it apart
Offers end-to-end space capabilities across the full value chain.
Operations
Designs, integrates, and supplies satellite systems and related infrastructure from Hyderabad.

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