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Funding · AI & Deep Tech

Digantara raises $50 million in Series B funding

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Date
Company
Digantara
What it does
Space situational awareness provider
Kind
Funding
Amount
$50 Mn
Stage
Series B
Founded
December 2018
Sector
AI & Deep Tech

What they do

Digantara provides space situational awareness and orbital insights for government and commercial clients

What happened

The company raised $50 million led by Reliance Business Ventures at a $200 million post-money valuation

Why it matters

Total funding reaches Rs 1,740 crore (around $200 million) as the startup expands its space infrastructure capabilities

The details

  • Digantara announced a $50 million Series B funding round.
  • The investment values the company at $200 million on a post-money basis.
  • Reliance Business Ventures led the round with a $30 million commitment.
  • 360 One participated with a $10 million investment.
  • SBI Ventures contributed $3 million to the funding round.
  • Existing investors Peak XV Partners and Kalaari Capital also participated.
  • Angel investor Ronnie Screwvala invested $500,000 in this round.
  • The total capital raised by Digantara now stands at approximately $65 million.

The bigger picture

  • The funding supports expansion of space infrastructure for safe operations.
  • Government support includes Rs 211 crore under the Fund of Funds scheme.
  • Competitors like Pixxel and Agnikul have raised significant capital recently.

About the business

  • Digantara focuses on space situational awareness for tracking objects in orbit.
  • The company builds space and ground infrastructure for operational safety.
  • It provides data-driven orbital insights to various stakeholders.
  • Clients include government bodies, defence agencies, and commercial entities.
  • The firm was founded in December 2018 by three co-founders.
  • Revenue for FY ended March 2025 was Rs 50 lakh.
  • The company reported losses of Rs 20.9 crore in the same period.
  • An ESOP pool of 6.6% is valued at roughly Rs 115 crore.
  • Founders hold a collective stake of 27.26% in the company.

What happens next

  • Expand space and ground infrastructure for safe operations.
  • Provide more data-driven orbital insights to defence and commercial clients.

The deal

Type
Series B

Investors

  • Reliance Business Ventures (lead) — Venture arm of Reliance Industries investing in deep tech and space sectors.
  • 360 One (participated) — Financial services group investing across various startup stages.
  • SBI Ventures (participated) — Venture capital arm of State Bank of India supporting startups.
  • Ronnie Screwvala (participated) — Serial entrepreneur and angel investor known for backing multiple Indian startups.
  • Peak XV Partners (existing) — Former Sequoia Capital India, a leading venture capital firm.
  • Kalaari Capital (existing) — Early-stage venture capital firm focused on technology startups.

Founders

  • Anirudh Sharma, co-founder
  • Rahul Rawat, co-founder
  • Tanveer Ahmed, co-founder

About Digantara

Product
Space situational awareness data platform, optical tracking systems, and satellite-based surveillance payloads
Customers
Satellite operators, space agencies, and national defense and security organizations
How it makes money
Sells orbital tracking data, collision avoidance software subscriptions, and defense surveillance intelligence
What sets it apart
Multi-layered space-based sensor network delivering precise orbital mapping of millimeter-sized debris and early missile warnings

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