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Launch · AI & Deep Tech

Kicksky launches India's first VC-backed SpaceTech accelerator

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Date
Company
Kicksky
What it does
SpaceTech startup accelerator platform
Kind
Launch
Founded
2023
Sector
AI & Deep Tech

What they do

Kicksky is a platform that prepares SpaceTech startups for investment readiness and connects them with investors

What happened

The accelerator was launched three years ago by Riceberg Ventures and E2MC Ventures to support the growing sector

Why it matters

It selects six startups per cohort for mentorship on technology validation and fundraising preparation in India's space industry

The details

  • Kicksky launched as India's first venture capital-backed SpaceTech accelerator three years ago.
  • The platform was established by Riceberg Ventures and E2MC Ventures to support the emerging sector.
  • It functions as a preparation platform rather than a direct investment fund for startups.
  • The initiative aims to connect early-stage companies with potential investors and strategic partners.
  • Govindarajan DS serves as a Founding Team Member and Director of the accelerator program.
  • He previously co-founded Aniara Communications in 2007 focusing on satellite communications technology.
  • His earlier career included roles at Forbes magazine and Hewlett-Packard before entering the space sector.
  • The accelerator selects six startups per cohort after rigorous evaluation of their technology and team.

The bigger picture

  • India's space sector reforms in 2020 opened the door for private participation in the industry.
  • This policy shift led to significant growth in the number of SpaceTech startups across the country.
  • Investor understanding of SpaceTech has matured with recognition of long-term commercial potential in satellite services.
  • The government introduced a single-window regulatory mechanism to improve ease of doing business for startups.
  • Proactive government engagement has further supported the development of the domestic space ecosystem.

About the business

  • Kicksky runs a month-long assessment phase followed by intensive mentorship for selected startups.
  • Mentorship covers technology validation business strategy customer development partnerships and fundraising preparation.
  • The program focuses on making startups investment ready through structured guidance and expert advice.
  • Alumni startups include Akashlabdhi Cligent Aerospace AnduraX AugsenseLab and Orbit Aid.
  • These alumni have advanced technologies secured funding strengthened partnerships and expanded commercial readiness.
  • India currently hosts approximately 250 to 300 active SpaceTech startups in the market.
  • These companies cover diverse areas including launch vehicles satellites geospatial intelligence and propulsion systems.
  • The sector also includes robotics in-space manufacturing and downstream applications for various industries.

What happens next

  • Kicksky may consider direct investments in startups as the platform evolves over time.
  • The company aims to become one of the most influential platforms supporting India's SpaceTech ecosystem.

Investors

  • Riceberg Ventures (co-founder) — Venture capital firm co-founding the Kicksky accelerator platform.
  • E2MC Ventures (co-founder) — Venture capital firm co-founding the Kicksky accelerator platform.

Founders

  • Govindarajan DS, Founding Team Member & Director

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