About Space Tech sector in Hyderabad, India
The Space Tech sector in Hyderabad, India comprises 33 companies, including 17 funded companies having collectively raised $361M in venture capital money and private equity. Out of these, 5 are Series A+ funded, and 1 has achieved unicorn status.
Space Tech sector in Hyderabad, India has seen 3 IPOs. This represents almost 9.1% of all such companies - which is higher than the 3.8% exit rate of tech companies in general.
This sector includes newspace is an industry in which private companies, startups and entrepreneurs try to build products for Space.
Space Tech sector is also known as Space Technology or New Space.
Companies(non-governmental) which develop spaceflight technologies for commercial space market. Companies developing new launch systems, satellites, spacecrafts, new propulsion systems, new antenna systems, etc. principally with private funding. Also includes companies providing space services such as tourism, satellite communication, imaging, space burial services etc. Government space agencies, companies highly reliant on govt. agencies, defence grants and projects are excluded.
Top Space Tech Companies in Hyderabad, India
There are 33 Space Tech startups in Hyderabad, India which include Skyroot, Dhruva Space, Astra Microwave Products, MTAR Technologies, XDLINX. Out of these, 17 startups are funded, with 5 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 2 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Madras, BITS Pilani and Anna University.
Here is the list of top Space Tech startups in Hyderabad, India
1. Skyroot
Developer of on-demand launch vehicles for small satellite deployments. The company builds technologies for responsive, reliable, and economic access to space, providing launch services for satellite missions.
Key facts about Skyroot
- Founded Year: 2018
- Location: Hyderabad (India)
- Stage: Series C
- Total Funding till date: $145M
- Investors: GIC, Sherpalo Ventures and 43 Others
- Latest Funding Round: Series C, May 07, 2026, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 2 of 210 Competitors
2. Dhruva Space
Provider of full-stack space engineering solutions, satellite platforms, and launch services. They offer integrated satellite solutions coupled with earth stations. The company provides technology solutions to power space-based applications. These applications extend from Earth and beyond. The company also provides spacecraft solar arrays and imagery services.
Key facts about Dhruva Space
- Founded Year: 2012
- Location: Hyderabad (India)
- Stage: Series A
- Total Funding till date: $37.4M
- Investors: IAN Group, Blue Ashva Capital and 138 Others
- Latest Funding Round: Series A, Jun 25, 2026, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 2 of 344 Competitors
RF and microwave sub-systems provider. Its products include designing and manufacturing RF and microwave subsystems for the defense, space, telecom, and meteorology sectors in India and globally. Its offering includes RF repeaters, RF and optical mobile jammers, tower-mounted amplifiers or boosters, rejection filters, MSS terminals, automatic weather stations for data collection, met towers, RF or microwave passive components, transmitter or receiver systems radar, telemetry, ground-based surveillance, and more. It operates four manufacturing facilities in India. Its clientele includes Vodafone, Reliance Communications, Nokia, Ericsson, Bharti Airtel, Aeronautical Development Agency, Hindustan Aeronautics, and Indian Space Research Organization.
Key facts about Astra Microwave Products
- Founded Year: 1991
- Location: Hyderabad (India)
- Stage: Public
- Total Funding till date: $2M
- Investors: Canbank Venture Capital Fund, Prestellar Ventures and 2 Others
- Latest Funding Round: Post IPO, Jun 30, 2025, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 3 of 394 Competitors
Manufacturer of precision engineering components for space and energy sectors. Operations include machining, fabrication, heat treatment, surface processing, assembly, and testing. Offerings consist of electro-mechanical, electro-pneumatic, and electro-hydraulic systems designed for critical applications within aerospace, clean energy, and nuclear industries. Capabilities feature micron-level tolerances through advanced CNC machining and specialized fabrication processes. Internal facilities support manufacturing needs ranging from micro-scale parts to heavy engineering assemblies. Engineering solutions are provided for various motion control applications, including ball screws and roller screws.
Key facts about MTAR Technologies
- Founded Year: 1970
- Location: Hyderabad (India)
- Stage: Public
- Total Funding till date: $65M
- Investors: Yali Capital and Blackstone
- Latest Funding Round: PE, Nov 07, 2007, $*****
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 1 of 17 Competitors
5. XDLINX
Developer of satellite platforms for intelligence, surveillance, and reconnaissance missions. The company provides ready-to-launch satellite platforms with hosted payloads for global access to space capabilities. It designs and develops cost-effective satellite solutions. The company focuses on enabling space missions through its satellite technology.
Key facts about XDLINX
- Founded Year: 2022
- Location: Hyderabad (India)
- Stage: Seed
- Total Funding till date: $7.22M
- Investors: Lucky Investment Managers, Mana Ventures and 5 Others
- Latest Funding Round: Seed, Jun 18, 2024, $*****
- Tracxn Score: 64/100 What is this?
- Competitors Rank: 5 of 287 Competitors
Companies founded year-on-year in the Space Tech sector in Hyderabad
4 Space Tech startups in Hyderabad were founded in 2025 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 4 |
2024 | 4 |
2023 | 2 |
2022 | 2 |
2021 | 3 |
2020 | 3 |
2019 | 1 |
2018 | 2 |
2017 | 1 |
Stage-wise distribution of Space Tech sector companies in Hyderabad
Out of the total 33 Space Tech companies in Hyderabad, 17 have secured funding. Among them, 5 have reached Series A or higher, and 4 to Series B or beyond.
Founded - 33
Funded - 17
Series A+ - 5
Series B+ - 4
Series C+ - 4
Company Stage | No. of companies |
|---|---|
Founded | 33 |
Funded | 17 |
Series A+ | 5 |
Series B+ | 4 |
Series C+ | 4 |
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Funding Trends in the Space Tech sector in Hyderabad
Total funding year-on-year in the Space Tech sector in Hyderabad
The Space Tech sector in Hyderabad saw a total funding of more than $294M in the last 10 years. The most amount of funding has been in 2026 at more than $86.4M till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $86.4M |
2025 | $26.1M |
2024 | $21.3M |
2023 | $58.3M |
2022 | $53.7M |
2021 | $15.5M |
2020 | $3.61M |
2019 | $1.42M |
2018 | $749K |
Recent Funding Rounds in Space Tech in Hyderabad
In the year 2026, till July 2026, Space Tech companies in Hyderabad have raised $64.1M in equity funding across 6 rounds.
In the same period last year (i.e. till July 2025), Space Tech companies in Hyderabad had raised $2.1M across 6 rounds.
So, 2026 has seen a 2957.03% rise in funding in Space Tech companies in Hyderabad as compared to 2025.
Here are some recent, important funding rounds in Space Tech companies in Hyderabad:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4426 | Jul 06, 2026 | ||
Series A | 5905 | Jun 25, 2026 | ||
Series C | 1965 | May 07, 2026 | ||
Seed | 2705 | Mar 31, 2026 | ||
Angel | 3489 | Mar 30, 2026 |
Top Investors in Space Tech in Hyderabad
Astir Ventures is the top investor in Space Tech companies in Hyderabad based on number of companies invested.
Here are some top investors in Space Tech companies in Hyderabad:
Investor | Location | Top Portfolio Companies |
|---|---|---|
San Jose (United States) | ||
Hyderabad (India) | ||
Mumbai (India) | - | |
Hyderabad (India) | - | |
Hyderabad (India) | - |
IPOs in Space Tech in Hyderabad
In the year 2024, till July 2024, 1 IPO happened in Space Tech sector in Hyderabad.
Here are some recent, important IPOs in Space Tech sector in Hyderabad:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jul 31, 2024 | National Stock Exchange (NSE) | |
Mar 15, 2021 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Nov 01, 2004 | National Stock Exchange (NSE) | |
Apr 08, 2003 | Bombay Stock Exchange (BSE) | |
Oct 02, 2000 | Bombay Stock Exchange (BSE) |
Colleges which produce the most Space Tech companies in Hyderabad
Companies founded by alumni from top colleges in the Space Tech in Hyderabad
Most number of Space Tech startups in Hyderabad have been founded by alumni from IIT Madras, BITS Pilani and Anna University.
College | No. of companies |
|---|---|
IIT Madras | 3 |
BITS Pilani | 2 |
Anna University | 1 |
IIT Bombay | 1 |
IIT Kanpur | 1 |
IIT Kharagpur | 1 |
IIT Roorkee | 1 |
Total funding in Space Tech companies founded by alumni from top colleges in Hyderabad
In the last 10 years, IIT Madras graduates' Space Tech companies in Hyderabad have raised the most funding among top colleges. IIT Kharagpur alumni are second, and BITS Pilani alumni are third.
College | Total Funding |
|---|---|
IIT Madras | $161M |
IIT Kharagpur | $156M |
BITS Pilani | $53.5M |
IIT Kanpur | $3.17M |
Anna University | $65.3K |
IIT Roorkee | $65.3K |
IIT Bombay | - |
Top News in Space Tech in Hyderabad
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Telangana signs MoU with Skyroot for integrated, private rocket manufacturing, integration and testing facilityAsian News International•Jan 21, 2025•Skyroot, Government of Telangana
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Temasek-backed spacetech Skyroot sees 2X revenue growth in FY24 amid widening lossesYourStory•Oct 29, 2024•Skyroot
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Dhruva Space partners with Kineis to provide Space-based IoT connectivity in IndiaMedia Bulletins•Jul 02, 2024•Dhruva Space, Kineis
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Atl Integrates Pslv Launch Vehicle And Supplies Key Equipment For XposatThe Hindu•Jan 02, 2024•Ananth Technologies
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HEX20 Joins Forces with ispace and Skyroot Aerospace to Drive Lunar MissionsGeospatial World•Oct 06, 2023•HEX20, Skyroot, ispace
