Reliance Leads USD 50 Mn Investment in Spacetech Firm Digantara

Bengaluru-based spacetech startup Digantara has raised USD 50 million (around INR 435 crore) in a funding round led by Reliance Industries, according to a recent filing with the Registrar of Companies.

The round, which values Digantara at approx. USD 200 million, also attracted investments from 360 One Asset, Tokyo-based asset management firm SBI Holdings and entrepreneur Ronnie Screwvala. Existing backers Peak XV Partners and Kalaari Capital also participated.

The company had previously announced completion of a USD 50 million Series B round in December 2025, which included both new and returning investors.

Founded in December 2020 by Anirudh Sharma, Digantara focuses on space situational awareness and intelligence, developing technologies to track satellites, debris and other fast-moving objects in space. Its proprietary space camera can monitor objects at a resolution of up to five centimetres, exceeding the industry standard of around 10 centimetres.

The startup provides services to defence markets in India, the US, the UK, Singapore, Australia and Japan with plans to expand into Europe by mid-2026.

The fresh funding will support global expansion, particularly in the US, where Digantara has been selected to participate in the Golden Dome missile system program, a multi-layered defence initiative integrating ground, sea, air and space-based technologies.

A portion of the capital will also be used to scale production and enhance satellite manufacturing capabilities. Digantara currently has three satellites in orbit, with the first two missions focusing on space weather and the latest dedicated to space object tracking.

The company operates an integrated platform called AIRA, combining sensing hardware, data processing and analytics across space and terrestrial systems. Its infrastructure includes the SCOT constellation for space surveillance, the ALBATROSS series for missile warning and tracking and SKYGATE, a network of ground-based sensors, all scheduled for phased deployment through 2026 and 2027.

Spacetech has increasingly attracted venture capital over the past year. In November 2025, Agnikul Cosmos raised USD 17 million at a valuation of USD 500 million, while reusable rocket maker Ethereal Exploration Guild (EtherealX) secured USD 20.5 million in a round co-led by TDK Ventures and BIG Capital earlier this month.