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Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups

Pixxel, Bellatrix Aerospace, TeamIndus, Skyroot Aerospace, Agnikul Cosmos, Dhruva Space, Astrome Technologies, Satellize, and Kawa Space the Top 10 Best Spacetech Startups in India to Watch in 2024 | India's Spacetech Startups.
Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups

Startups are disrupting India’s spacetech industry. The private sector has only recently entered space technology, despite the country’s longstanding reputation. Spacetech entrepreneurs are taking advantage of the government’s opening up and promoting private engagement to innovate and boost India’s space industry presence. These startups are pioneering new technologies, infrastructure, and business strategies to solve space’s toughest problems. In this post, We’ll talk about the Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups.

The Indian government’s push to privatize the space technology industry and bring in new players has led to a significant expansion in the sector. This has resulted in increased innovation and advancements and has attracted a growing number of investors.

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Since the Indian government began privatizing the space sector, the number of startups in the industry has risen dramatically. According to the Economic Survey 2022, the number of startups in the sector increased to 47 in 2021, up from just 11 in 2019, reflecting the growing interest in the industry and the opportunities it presents for innovation and growth.

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Here is the list of the Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups

Pixxel

Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups | Pixxel

Pixxel, founded by Awais Ahmed and Kshitij Khandelwal in 2019, specializes in building a constellation of 24-30 small Earth-imaging satellites which will provide them with the capability to monitor the earth 24*7 in real-time. This technology is expected to revolutionize industries such as agriculture, mining, and urban planning by providing real-time data and analytics. Pixxel has also received significant funding from investors, including Techstars and IvyCap Ventures, to support its ambitious goals.

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Pixxel’s first satellite, named Anand, was originally planned to be launched in late 2020 on a Soyuz rocket. However, the company later agreed with India’s state-owned NSIL to use a PSLV rocket for launch, which was planned for early 2021. However, the launch was delayed due to technical issues and is now expected to launch on board the PSLV-C54/EOS-06 mission. On November 26, 2022, at 11:56 IST / 06:12 UTC, PSLV-C54 was launched successfully

Bellatrix Aerospace

Bellatrix Aerospace is a private Indian aerospace manufacturer and small satellite company, headquartered in Bangalore, India. The company was founded in 2015 by Rohan Ganapathy, Nuthan Prasanna, and Yashas Karanam. 
Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups | Bellatrix Aerospace

Bellatrix Aerospace is a private Indian aerospace manufacturer and small satellite company, headquartered in Bangalore, India. The company was founded in 2015 by Rohan Ganapathy, Nuthan Prasanna, and Yashas Karanam. 

Bellatrix Aerospace plans to launch its rocket, named Chetak, soon. The two-stage rocket is powered by Bellatrix’s Aeon engines and uses liquid methane as fuel. In 2019, the company announced plans to use water as the propellant for an electric propulsion system. On February 8, 2021, Bellatrix announced a partnership with Skyroot Aerospace.

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On February 9, 2022, Rohan announced on Twitter that Bellatrix has stopped work on its Chetak rocket. However, in June 2022, the company raised $8 million in a Series A funding round to focus on the development of in-space propulsion systems.

TeamIndus

Team Indus, founded in 2010 by Rahul Narayan, Indranil Chakraborty, Sameer Joshi, Dilip Chabria, Julius Amrit, and Sheelika Ravishankar, is one of the first aerospace startups in India.
Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups | TeamIndus

TeamIndus, founded in 2010 by Rahul Narayan, Indranil Chakraborty, Sameer Joshi, Dilip Chabria, Julius Amrit, and Sheelika Ravishankar, is one of the first aerospace startups in India.

The company was created to win the Google X Lunar Prize, which was announced in 2007. To date, Team Indus has raised $20 million (Rs 150 crore) from investors such as Nandan Nilekani, R.K. Damani, Sasken Technologies, and Rakesh Jhunjhunwala.

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In addition, TeamIndus received $1 million from the Lunar X project for successfully testing their landing technology. For its mission to land a spacecraft on the Moon, the firm and the Indian Space Research Organisation (ISRO) engaged in a commercial launch contract in December 2016.

Skyroot Aerospace

Based in Hyderabad, India, Skyroot Aerospace is a private aerospace manufacturer and provider of commercial launch services. Pawan Kumar Chandana and Naga Bharath Daka, both former engineers and scientists at ISRO, launched the company in 2018. They create and produce satellite platforms, propulsion systems, and rockets for a variety of uses.
Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups | Skyroot Aerospace

Based in Hyderabad, India, Skyroot Aerospace is a private aerospace manufacturer and provider of commercial launch services. Pawan Kumar Chandana and Naga Bharath Daka, both former engineers and scientists at ISRO, launched the company in 2018. They create and produce satellite platforms, propulsion systems, and rockets for a variety of uses.

The business plans to create and launch a number of compact launch vehicles that are especially suited for the market for small satellites. It is the country’s first rocket launcher. Initial investments totaling $4.3 million have been made by investors including Solar Industries, a space and defence contractor. On November 18, 2022, the business successfully debuted “Vikram 1.”

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Skyroot Aerospace was named the winner of the National Startup Awards 2020 on October 6, 2020, and Piyush Goyal, the Union Minister of Trade and Industry, made the announcement. A Memorandum of Understanding was inked by the business and Indian commercial satellite maker Dhruva Space on November 20, 2020.

Agnikul Cosmos

Indian aerospace firm AgniKul Cosmos is based in Chennai's National Center for Combustion R&D (NCRD) at IIT Madras. The corporation wants to develop and launch its own small-lift launch vehicles, including the Agnibaan, which can carry 100 kg of payload into an orbit that is 700 km across.
Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups | Agnikul Cosmos

Indian aerospace firm AgniKul Cosmos is based in Chennai’s National Center for Combustion R&D (NCRD) at IIT Madras. The corporation wants to develop and launch its own small-lift launch vehicles, including the Agnibaan, which can carry 100 kg of payload into an orbit that is 700 km across.

AgniKul Cosmos was started by Srinath Ravichandran and Moin Khan at IIT Madras with an initial seed investment of 3 crores (about $450,000 in 2020). The company intends to build and launch its first rocket in 2021, after which it will offer launch services for satellites up to 100 kg in weight.

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In order to get access to ISRO facilities and technological know-how for the development of its two-stage small-satellite launch vehicle, the Agnibaan, AgniKul inked a framework agreement with the Department of Space in September 2021. Agnikul Cosmos acquired its first Flight Termination System (FTS) from ISRO on November 7, 2022. This FTS will be incorporated into the Agnibaan launch vehicle that will take off from the Satish Dhawan Space Center.

Dhruva Space

Located in Hyderabad, India, Dhruva Space Private Limited is a private aerospace firm in India. Sanjay Srikanth Nekkanti founded the business in 2012, and it offers complete space solutions for people and businesses who want to launch their own tiny satellites into orbit. They offer design and construction of customised satellites, launch provider sourcing, and ground station maintenance, among other services.
Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups | Dhruva Space

Located in Hyderabad, India, Dhruva Space Private Limited is a private aerospace firm in India. Sanjay Srikanth Nekkanti founded the business in 2012, and it offers complete space solutions for people and businesses who want to launch their own tiny satellites into orbit. They offer design and construction of customised satellites, launch provider sourcing, and ground station maintenance, among other services.

Small satellite development is being done by Dhruva Space for commercial, governmental, and academic markets. The business offers a complete array of launch, orbit, and ground-based space engineering solutions.

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Dhruva Space received the “Best Startup – Silver” award for the Telangana State Industrial Awards 2022 on October 11, 2022. Kalvakuntla Taraka Rama Rao, the Telangana government’s Minister for Municipal Administration & Urban Development, Industries & Commerce, and Information Technology, will give the award to the firm in December.

The Dhruva Space founders were listed on Fortune India magazine’s annual 40 Under 40 list in April 2022. The most prosperous and important young business leaders in India are honoured and recognised on this list.

Astrome Technologies

Neha Satak and Prasad HL Bhat founded Astrome Technologies with the intention of making the internet more accessible and affordable for people in impoverished countries. They want to achieve this via their SpaceNet technology, which can increase each satellite's data carrying capacity by ten times and offer remote populations internet rates of up to 400 Mbps. By bridging the digital divide and giving underserved communities access to high-speed internet, this technology is meant to benefit all people.
Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups | Astrome Technologies

Neha Satak and Prasad HL Bhat founded Astrome Technologies with the intention of making the internet more accessible and affordable for people in impoverished countries. They want to achieve this via their SpaceNet technology, which can increase each satellite’s data carrying capacity by ten times and offer remote populations internet rates of up to 400 Mbps. By bridging the digital divide and giving underserved communities access to high-speed internet, this technology is meant to benefit all people.

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A native E-band radio has also been introduced for the first time by Astrome Technologies to offer inexpensive internet connectivity in rural Karnataka. A contract has been given to Astrome Technologies to use BharatNet fiber to deliver broadband, 4G, and 5G internet connectivity to rural areas.

Vesta Space Technology

Arun Kumar Sureban established the Pune-based startup Vestaspace Technologies in 2018. The business focuses in creating small satellite platforms for industrial and scholarly uses. Recently, American investment and advisory firm Next Capital LLC provided $10 million in capital to Vestaspace Technologies. Additionally, the business has a partnership with ISRO and is developing bold strategic plans for international growth.
Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups | Vesta Space Technology

Arun Kumar Sureban established the Pune-based startup Vestaspace Technologies in 2018. The business focuses in creating small satellite platforms for industrial and scholarly uses. Recently, American investment and advisory firm Next Capital LLC provided $10 million in capital to Vestaspace Technologies. Additionally, the business has a partnership with ISRO and is developing bold strategic plans for international growth.

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A constellation of nano-satellites from Vestaspace Technology have been placed in low-Earth orbit, and the company also creates mission management and monitoring software. The business provides wireless connectivity for the Internet of Things applications as well as expert mission-critical radio-based surveillance and communication services. They serve the broad market categories of enterprise, software, and tech gear as well as educational institutions, research facilities, governmental agencies, and the private sector.

Satellize

Private Indian company Satellize, formerly Exseed Space, made history by being the first private company in India to have a satellite in orbit. They reached this milestone in December 2018 when SpaceX launched their first satellite into space. In 2016, Kris Nair and Ashhar Farhan created Satellize, a company that specialised in building tiny satellites for customers.
Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups | Satellize

Private Indian company Satellize, formerly Exseed Space, made history by being the first private company in India to have a satellite in orbit. They reached this milestone in December 2018 when SpaceX launched their first satellite into space. In 2016, Kris Nair and Ashhar Farhan created Satellize, a company that specialised in building tiny satellites for customers.

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For its client AMSAT (Radio Amateur Satellite Corporation) India, Satellize has successfully launched AISAT, also known as ExseedSat-2, on board the PSLV-C45 rocket’s fourth stage. The company’s main objective is “democratising space exploration,” and its main concentration is on the “assembly, integration, testing, and operation of satellites.”

Kawa Space

The space technology startup Kawa Space is focused on developing vital software and infrastructure for space applications. Kris Nair established the business in 2018. It creates and manages advanced earth observation satellite constellations for clients in a range of industries, including agricultural, financial services, government, and risk management.
Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups | Kawa Space

The space technology startup Kawa Space is focused on developing vital software and infrastructure for space applications. Kris Nair established the business in 2018. It creates and manages advanced earth observation satellite constellations for clients in a range of industries, including agricultural, financial services, government, and risk management.

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Their main offering, the Kawa Platform, is an intelligence platform that offers geographical insights to tech teams all around the world via an API. They want to lessen the requirement for significant capital investments and lead time by creating space systems that are simple to deploy. Pre-Series A investment round, led by Vijay Shekhar Sharma, the creator of Paytm and Angellist India, and Speciale Invest Fund, among other angel investors, raised an unknown amount for the business in September 2019.

Throughout the course of 4 rounds, Kawa Space has raised a total of $1.4 million in investment. On August 4, 2022, they completed a Seed round, in which they raised $173,000 as their most recent round of fundraising. On different websites and newspapers that track startup funding information, such Crunchbase, as well as on the business’ website or investor relations page, you can find details about their funding rounds and investors.

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This was our selection of the Top 10 Best Spacetech Startups in India to Watch in 2023 | India’s Spacetech Startups. We hope this is useful to you. The order of this list is random.

Frequently Asked Questions (FAQs)

Which are the Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups?

Pixxel, Bellatrix Aerospace, TeamIndus, Skyroot Aerospace, Agnikul Cosmos, Dhruva Space, Astrome Technologies, Satellize, and Kawa Space the Top 10 Best Spacetech Startups in India to Watch in 2024 | India’s Spacetech Startups.

Who are the founders of TeamIndus?

TeamIndus, founded in 2010 by Rahul Narayan, Indranil Chakraborty, Sameer Joshi, Dilip Chabria, Julius Amrit, and Sheelika Ravishankar, is one of the first aerospace startups in India.

What is a Spacetech startup in India in 2024?

Tech startup in the space sector uses their talents and knowledge to produce solutions that make India self-sufficient and a global leader.

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