Reliance is leading a $50 million funding round for a spacetech business. Digantara is valued at $200 million
Reliance Leads $50 Million Funding Round in Spacetech Startup Digantara
Reliance Industries has led a $50 million (Rs 435 crore) funding round in spacetech startup Digantara, according to a regulatory filing by the company. The investment values the Bengaluru-based firm at around $200 million.
The round also saw participation from 360 One Asset, SBI Holdings (Japan), UpGrad founder Ronnie Screwvala, and existing investors Peak XV Partners and Kalaari Capital.
Incubated at the Indian Institute of Science (IISc), Digantara develops proprietary space surveillance technology to track fast-moving objects in orbit, including satellites, debris, and other space assets. Its space-based camera system can track objects with a resolution of up to five centimetres, compared to the industry standard of around 10 cm.
The company primarily serves defence markets across India, the US, the UK, Singapore, Australia, and Japan, and plans to expand into Europe by mid-2026, founder Anirudh Sharma said earlier.
The fresh capital will be used to support global expansion, particularly in the US, and to strengthen manufacturing and satellite production capabilities. The company is also expected to benefit from opportunities linked to the US’s proposed Golden Dome missile defence system, a multi-layered programme integrating ground, sea, air, and space-based technologies.
Digantara currently has three satellites in orbit. While its first two missions focused on space weather monitoring, the latest mission is dedicated to space object tracking.
Investor interest in India’s spacetech sector has grown over the past year. In November 2025, Agnikul Cosmos raised $17 million, valuing it at $500 million, while reusable rocket maker Ethereal Exploration Guild (EtherealX) recently secured $20.5 million in fresh funding.
