About Space Tech sector in India
The Space Tech sector in India comprises 334 companies, including 106 funded companies having collectively raised $1.04B in venture capital money and private equity. Out of these, 25 are Series A+ funded, and 1 has achieved unicorn status.
Space Tech sector in India has seen 3 acquisitions and 5 IPOs.
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 India
There are 334 Space Tech startups in India which include Skyroot, Paras Defence & Space Technologies, Pixxel, GalaxEye, AgniKul. Out of these, 106 startups are funded, with 25 having secured Series A+ funding, and 1 achieving unicorn status.
2026 has seen the creation of 12 Space Tech startups in India. Over the past 10 years, an average of 25 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Madras, BITS Pilani and IIT Bombay.
Here is the list of top Space Tech startups in India
1. Skyroot
Manufacturer of orbital launch vehicles for small satellite deployment missions. These launch vehicles utilize carbon composite structures and liquid or cryogenic propulsion systems to deliver payloads into low earth or sun-synchronous orbits. The systems support both dedicated and rideshare launch configurations for various satellite deployment requirements.
Key facts about Skyroot
Company offering wide range of defence products & solutions. It offers a range of products and solutions, include optical components, Imaging Systems, Electronic Systems, Cybersecurity Solutions, Production of heavy structures, flow-formed rocket motor tubes, special purpose machines, Titanium Fabrication, Electromagnetic Pulse Protection, Shielding Products, Drones and Anti-Drone Systems, Spacecraft Integration and Testing, Remote-Controlled Defense Systems, and Custom Engineering Solutions.
Key facts about Paras Defence & Space Technologies
- Founded Year: 1972
- Location: Navi Mumbai (India)
- Stage: Public
- Total Funding till date: $4.57M
- Investors: Pooja Unichem, Paras Gate India and 38 Others
- Latest Funding Round: Post IPO, Jun 13, 2024, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 2 of 829 Competitors
3. Pixxel
Operator of imaging satellites providing earth observation data solutions. The company is creating the space infrastructure needed to monitor the health of the planet. The company designs, builds, and operates advanced satellites, starting with the world’s highest-resolution commercial hyperspectral constellation, expanding to a full-stack intelligence layer that combines satellites, data, and analytics. These tools support decision-making across sectors, including agriculture, energy, environment, forestry, mining, and government. The company offers access to imagery and analytics through its platform
Key facts about Pixxel
- Founded Year: 2019
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $96M
- Investors: Lightspeed, NB Ventures and 35 Others
- Latest Funding Round: Series B, Jul 15, 2026, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 4 of 358 Competitors
4. GalaxEye
Manufacturer of satellites combining radar and multispectral imaging sensor technology. These platforms integrate synthetic aperture radar and multispectral sensors to capture fused imagery. This approach provides visual data for observation and analysis regardless of weather conditions or lighting. The hardware supports applications in infrastructure monitoring, agriculture, and defense by delivering aligned data streams from a single orbital platform.
Key facts about GalaxEye
- Founded Year: 2021
- Location: Bengaluru (India)
- Stage: Series A
- Total Funding till date: $24.1M
- Investors: Speciale Invest, Mela Ventures and 50 Others
- Latest Funding Round: Series A, Jan 08, 2026, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 6 of 358 Competitors
5. AgniKul
Provider of customized orbital launch vehicles and private space missions. They offer dedicated launches tailored to payload size, ensuring cost-effectiveness. The company utilizes single-piece 3D-printed semi cryogenic engines and a mobile launchpad for deployment from optimal geographic locations. Clusterable configurations allow for customized rocket designs to fit specific mission requirements. An in-house autopilot and avionics architecture ensure adaptability and seamless software-hardware integration. Propulsion components are designed to meet exact mission needs.
Key facts about AgniKul
- Founded Year: 2017
- Location: Chennai (India)
- Stage: Series C
- Total Funding till date: $75.5M
- Investors: Celesta Capital, Chiratae Ventures and 105 Others
- Latest Funding Round: Series C, Mar 14, 2026, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 6 of 211 Competitors
Companies founded year-on-year in the Space Tech sector in India
12 new startups have been founded so far in 2026 in the Space Tech sector in India. 43 Space Tech startups in India were founded in 2024 - 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 | 12 |
2025 | 19 |
2024 | 43 |
2023 | 36 |
2022 | 33 |
2021 | 27 |
2020 | 26 |
2019 | 19 |
2018 | 22 |
2017 | 14 |
Stage-wise distribution of Space Tech sector companies in India
Out of the total 334 Space Tech companies in India, 106 have secured funding. Among them, 25 have reached Series A or higher, and 13 to Series B or beyond.
Founded - 334
Funded - 106
Series A+ - 25
Series B+ - 13
Series C+ - 10
Company Stage | No. of companies |
|---|---|
Founded | 334 |
Funded | 106 |
Series A+ | 25 |
Series B+ | 13 |
Series C+ | 10 |
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Funding Trends in the Space Tech sector in India
Total funding year-on-year in the Space Tech sector in India
The Space Tech sector in India saw a total funding of more than $822M in the last 10 years. The most amount of funding was in 2025 at more than $205M. There has been a total funding of $139M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $139M |
2025 | $205M |
2024 | $84.6M |
2023 | $144M |
2022 | $100M |
2021 | $44.1M |
2020 | $31M |
2019 | $8.57M |
2018 | $61.8M |
2017 | $4.08M |
Recent Funding Rounds in Space Tech in India
In the year 2026, till July 2026, Space Tech companies in India have raised $113M in equity funding across 25 rounds.
In the same period last year (i.e. till July 2025), Space Tech companies in India had raised $61M across 35 rounds.
So, 2026 has seen a 85.18% rise in funding in Space Tech companies in India as compared to 2025.
Here are some recent, important funding rounds in Space Tech companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 8759 | Jul 15, 2026 | ||
Series A | 9651 | Jul 13, 2026 | ||
Seed | 2294 | Jul 09, 2026 | ||
Seed | 8867 | Jun 12, 2026 | ||
Series A | 1908 | Jun 05, 2026 | and 1 more |
Top Investors in Space Tech in India
Starburst is the top investor in Space Tech companies in India based on number of companies invested.
Here are some top investors in Space Tech companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Los Angeles (United States) | ||
Bengaluru (India) | ||
Delhi (India) | ||
Coimbatore (India) | ||
Bengaluru (India) |
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M&A activity in Space Tech sector in India
In the year 2026, till April 2026, 1 acquisition happened in Space Tech sector in India. Last year, in 2025, a total of 1 acquisition happened in Space Tech sector in India.
Here are some recent, important acquisitions in Space Tech sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Apr 30, 2026 | ||
Business Acquisition | Apr 30, 2025 | ||
Business Acquisition | Jun 02, 2022 |
Acquisition trends in Space Tech sector in India
Here are the acquisition trends in Space Tech sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 1 |
2025 | 1 |
2024 | - |
2023 | - |
2022 | 1 |
2021 | - |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
IPOs in Space Tech in India
In the year 2024, till July 2024, 1 IPO happened in Space Tech sector in India.
Here are some recent, important IPOs in Space Tech sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jul 31, 2024 | National Stock Exchange (NSE) | |
Oct 01, 2021 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Nov 01, 2004 | National Stock Exchange (NSE) | |
May 28, 2003 | National Stock Exchange (NSE) | |
Apr 08, 2003 | Bombay Stock Exchange (BSE) |
Colleges which produce the most Space Tech companies in India
Companies founded by alumni from top colleges in the Space Tech in India
Most number of Space Tech startups in India have been founded by alumni from IIT Madras, BITS Pilani and IIT Bombay.
College | No. of companies |
|---|---|
IIT Madras | 11 |
BITS Pilani | 7 |
IIT Bombay | 7 |
IIT Kharagpur | 7 |
Anna University | 4 |
IIM Calcutta | 4 |
IIT Delhi | 4 |
Columbia University | 3 |
IIT Kanpur | 3 |
IIT Roorkee | 3 |
Total funding in Space Tech companies founded by alumni from top colleges in India
In the last 10 years, IIT Madras graduates' Space Tech companies in India have raised the most funding among top colleges. IIT Kharagpur alumni are second, and BITS Pilani alumni are third.
College | Total Funding |
|---|---|
IIT Madras | $269M |
IIT Kharagpur | $226M |
BITS Pilani | $151M |
Anna University | $78.4M |
Columbia University | $77.5M |
IIM Calcutta | $69.8M |
IIT Delhi | $69.8M |
IIT Bombay | $30.7M |
IIT Kanpur | $5.24M |
Technische Universität Berlin | $4.58M |
Top News in Space Tech in India
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Speciale Invest floats Rs 1,400 Cr fund to back deep-tech startupsEntrackr•Dec 18, 2025•Speciale Invest, Digantara
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Agnikul Cosmos successfully test fires engine to power Agnibaan rocketIndia Today•May 23, 2025•AgniKul
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All In Capital Launches Inr 200 Cr Fund IiInc42•Mar 20, 2025•All In Capital, , Spill Games, and 6 others
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Indian Space Startups Eye Senior Talent, Taps Ex-ISRO Experts For GrowthElectronicsforyou•Mar 18, 2025•Digantara
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Indian space tech firm Digantara eyes Rs 260 crore revenue with US expansionDeccan Herald•Feb 11, 2025•Digantara
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