Digantara, India’s leading Space Situational Awareness Startup based in Bangalore, today announced the successful closure of an extended $12 million Series A round.
The round witnessed the participation of new investors including Aditya Birla Ventures (Venture Capital arm of Aditya Birla Group) and the Small Industries Development Bank of India (SIDBI), marking their first investment foray into the space technology sector, and reinforcing their commitment to Digantara’s vision of enabling safe and sustainable operations in space.
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Digantara’s funding today is an extension of the $10 million it had raised back in June of last year led by PeakXV Partners (erstwhile Sequoia Capital India & SE Asia), and Kalaari Capital.
“It’s heartening to witness this level of support, particularly when a leading global conglomerate like the Aditya Birla Group, and important financial institutions like SIDBI, backed by theGovernment of India, for the first time, invest in the space sector. This moveis a powerful indicator of the momentum building within India’s space ecosystem, poised for accelerated development and global leadership in space innovation.” Anirudh Sharma, CEO, Digantara.
Digintara’s all-inclusive Space-Mission Assurance Platform (Space-MAP) uses a multi-modal data pool to give stakeholders precise orbital insights and reliable statistics, guaranteeing the sustainability and safety of space activities.
“Space Tech is indeed the next frontier for innovation offering unprecedented opportunities for growth. The globalspace market is expected to cross US$ 1 trillion by the next decade. Werecognize the extraordinary potential for innovation in India and its capacity to become a significant global player in this domain. We have strong belief in Digantara’s abilityto develop advanced data led ‘Space Situational Awareness’ solutions forclients globally. The investment is in line with our vision to back outstanding founding teams, building businesses of tomorrow. Our endeavour is to open up ABG’s global ecosystem and network for the growth of our portfolio companies.” – Aryaman Vikram Birla, Founder, Aditya Birla Ventures.
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“We’re delighted to support Digantara, a pioneer in Space Domain Awareness, propelling India towards global leadership in space technology. Our investment from SVCLhighlights our belief in the sector’s power to enhance India’s prominence on the world stage, marking a significant leap in our nation’s progress.” Mr.S.Ramann, CMD SIDBI.
About Digantara
Digantara is a space situational awareness company developing an end-to-end infrastructure to address the difficulties of space operations and situational awareness through its pioneering Space – Mission Assurance Platform a.k.a. Space – MAP. Space-MAP will serve as a one stop solution for all space operations supporting stakeholders across the space value chain and life cycle of a spacecraft mission.
