Funding · AI & Deep Tech
Digantara raises $50 million in Series B funding
By Startup Enthusiast ·
- 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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