Spacetech startup Digantara hits $200 Mn valuation after Series B funding

Space surveillance and intelligence platform Digantara recently announced a $50 million Series B round led by Reliance, with participation from 360 One, SBI Ventures, Ronnie Screwvala, and existing investors Peak XV Partners and Kalaari Capital.

While the Bengaluru-based company did not disclose any details beyond the amount and investors, Entrackr reviewed regulatory filings to determine its valuation, round breakup and complete shareholding structure.

According to its filing with the Registrar of Companies (RoC), Digantara's board has allotted 8,451 Series B preference shares at an issue price of Rs 5,14,793 each to raise Rs 435 crore (approximately $50 million).

Reliance Business Ventures led the round with an investment of Rs 261 crore (about $30 million), followed by 360 One, which invested Rs 87 crore ($10 million). SBI Ventures contributed Rs 26 crore ($3 million), while existing investors Peak XV Partners and Kalaari Capital invested Rs 30.47 crore ($3.5 million) and Rs 26 crore ($3 million), respectively. upGrad founder Ronnie Screwvala also joined the round with an investment of Rs 4.37 crore ($500K).

According to Entrackr’s analysis, Digantara’s post-money valuation nearly tripled to Rs 1,740 crore (around $200 million), compared to Rs 590 crore when it raised funding from the Aditya Birla Group and SIDBI in February 2024.

Founded in December 2018 by Anirudh Sharma, Digantara is a space situational awareness company that builds space- and ground-based infrastructure to enable safe and secure space operations, offering data-driven orbital insights to governments, defence agencies, and commercial customers worldwide.

The Peak XV-backed firm has raised around $65 million to date, including a $10 million Series A round in June 2023 led by Peak XV and Kalaari Capital. Following the latest infusion, Kalaari Capital remains the largest shareholder with a 21.76% stake, while new investor Reliance holds 15%. Peak XV Partners owns 11.61%, while participating investors 360 One and SBI Ventures hold 5% and 1.5%, respectively. The company’s co-founders Anirudh Sharma, Rahul Rawat and Tanveer Ahmed collectively retain a 27.26% stake.

The company also has an ESOP pool of 6.6%, valued at around Rs 115 crore (about $13 million).

Seven-year-old Digantara remained in the pre-revenue stage in the fiscal year ended March 2025, reporting operating revenue of Rs 50 lakh, while losses stood at Rs 20.9 crore during the same period.

Several space tech startups have raised capital over the past 12 months, including Ethereal Exploration, which raised $20.5 million, CoreEL Technologies with $30 million, and Agnikul with $17 million. Others include Inspecity, Manastu Space, Sisir Radar, OrbitAid, Pixxel, Ulook, and Akashalabdhi.

In August last year, the Union government announced an investment support of Rs 211 crore (around $25 million) under the Fund of Funds for Startups scheme, providing a significant boost to India’s growing space tech sector.