About Space Tech sector in India
The Space Tech sector in India comprises 253 companies, including 90 funded companies having collectively raised $869M in venture capital money and private equity. Out of these, 20 are Series A+ funded.
Space Tech sector in India has seen 2 acquisitions and 3 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 253 Space Tech startups in India which include Skyroot Aerospace, AgniKul, GalaxEye, Astra Microwave Products, SatSure. Out of these, 90 startups are funded, with 20 having secured Series A+ funding.
2026 has seen the creation of 1 Space Tech startup in India. Over the past 10 years, an average of 19 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Madras, BITS Pilani and IIT Kharagpur.
Here is the list of top Space Tech startups in India
Developer of on-demand launch vehicles for small satellite deployment services. The company focuses on providing customizable and precise launch solutions. It offers dedicated and rideshare launch options with custom orbital deployment. The company is developing vehicles with carbon composite structures and advanced engine technology.
Key facts about Skyroot Aerospace
2. 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: HDFC Bank, Celesta Capital and 103 Others
- Latest Funding Round: Series C, Mar 14, 2026, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 5 of 203 Competitors
3. GalaxEye
Developer of multi-sensor imaging satellites providing all-weather Earth observation capabilities. The company builds satellites that fuse synthetic aperture radar with high-resolution optical data. This technology delivers consistent visibility regardless of weather conditions. The satellites are designed to provide analysis-ready imagery for various applications.
Key facts about GalaxEye
- Founded Year: 2021
- Location: Bengaluru (India)
- Stage: Series A
- Total Funding till date: $18.8M
- Investors: Speciale Invest, LetsVenture and 48 Others
- Latest Funding Round: Series A, Mar 12, 2026, $*****
- Tracxn Score: 68/100 What is this?
- Competitors Rank: 5 of 346 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: 1993
- Location: Hyderabad (India)
- Stage: Public
- Total Funding till date: $2M
- Investors: RiSo Capital, Prestellar Ventures and 2 Others
- Latest Funding Round: Post IPO, Dec 14, 2015, $*****
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 17 of 906 Competitors
5. SatSure
Provider of earth observation analytics and AI-based decision intelligence solutions. The company combines satellite, LiDAR, and aerial imagery with remote sensing and artificial intelligence to convert raw Earth data into industry-specific insights. Its products and solutions serve sectors such as aviation, agriculture, banking, forestry, insurance, and utilities, supporting use cases like airspace intelligence, infrastructure mapping, asset detection, and land-use monitoring. Offerings include decision support tools for credit risk assessment, climate and crop analytics, and location intelligence, delivered through software platforms and data services. An affiliated upstream unit supplies high-resolution satellite imagery with onboard processing, enabling end-to-end Earth observation capabilities from data acquisition to analytics.
Key facts about SatSure
- Founded Year: 2017
- Location: Bengaluru (India)
- Stage: Series A
- Total Funding till date: $29.5M
- Investors: Baring Private Equity Partners, Promus Ventures and 39 Others
- Latest Funding Round: Series A, Sep 04, 2025, $*****
- Tracxn Score: 64/100 What is this?
- Competitors Rank: 15 of 1,226 Competitors
Companies founded year-on-year in the Space Tech sector in India
1 new startup has been founded so far in 2026 in the Space Tech sector in India. 40 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 | 1 |
2025 | 10 |
2024 | 40 |
2023 | 34 |
2022 | 27 |
2021 | 24 |
2020 | 23 |
2019 | 14 |
2018 | 17 |
2017 | 9 |
Stage-wise distribution of Space Tech sector companies in India
Out of the total 253 Space Tech companies in India, 90 have secured funding. Among them, 20 have reached Series A or higher, and 9 to Series B or beyond.
Founded - 253
Funded - 90
Series A+ - 20
Series B+ - 9
Series C+ - 6
Company Stage | No. of companies |
|---|---|
Founded | 253 |
Funded | 90 |
Series A+ | 20 |
Series B+ | 9 |
Series C+ | 6 |
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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 $650M in the last 10 years. The most amount of funding was in 2025 at more than $196M. There has been a total funding of $48.7M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $48.7M |
2025 | $196M |
2024 | $81.6M |
2023 | $139M |
2022 | $103M |
2021 | $41.1M |
2020 | $28M |
2019 | $6.85M |
2018 | $2.45M |
2017 | $4.08M |
Recent Funding Rounds in Space Tech in India
In the year 2026, till April 2026, Space Tech companies in India have raised $36.7M in equity funding across 9 rounds.
In the same period last year (i.e. till April 2025), Space Tech companies in India had raised $28.4M across 14 rounds.
So, 2026 has seen a 29.09% 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 |
|---|---|---|---|---|
Seed | 2427 | Apr 06, 2026 | ||
Seed | 9641 | Apr 01, 2026 | ||
Seed | 4416 | Apr 01, 2026 | ||
Series A | 4800 | Mar 27, 2026 | ||
Series C | 7519 | Mar 14, 2026 |
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) | OrbitAID and Taramandal | |
Bengaluru (India) | ||
Delhi (India) | ||
Bengaluru (India) | ||
Redwood City (United States) | - |
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M&A activity in Space Tech sector in India
In the year 2025, till April 2025, 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, 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 | - |
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) | |
Nov 01, 2004 | National Stock Exchange (NSE) | |
May 28, 2003 | National Stock Exchange (NSE) | |
Apr 08, 2003 | Bombay Stock Exchange (BSE) | |
Dec 28, 2000 | 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 Kharagpur.
College | No. of companies |
|---|---|
IIT Madras | 11 |
BITS Pilani | 10 |
IIT Kharagpur | 7 |
IIT Bombay | 5 |
IIT Kanpur | 5 |
Anna University | 4 |
BITS Mesra | 3 |
Columbia University | 3 |
IIT Delhi | 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 | $217M |
IIT Kharagpur | $177M |
BITS Pilani | $131M |
Anna University | $78.4M |
Columbia University | $77.4M |
IIT Delhi | $53.5M |
IIT Bombay | $19.8M |
IIT Kanpur | $14.6M |
Technische Universität Berlin | $4.58M |
IIM Ahmedabad | $3.11M |
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.biz•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
