Spacetech startup Digantara raises $2 million from Aditya Birla Ventures, others
Spacetech startup Digantara, which focuses on space situational awareness, said it has raised $2 million from Aditya Birla Ventures and SIDBI Venture Capital, the venture capital arms of Aditya Birla Group and the Small Industries Development Bank of India (SIDBI), respectively.
The latest capital infusion marks the final close of the Bengaluru-based startup’s Series A stage of funding at $12 million. In June 2023, Digantara had raised $10 million led by Peak XV Partners (formerly Sequoia Capital India and Southeast Asia).
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Offering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIndian School of BusinessISB Product ManagementVisitThe company operates a Space-Mission Assurance Platform (Space-MAP), which leverages a multi-modal data pool to provide stakeholders with datasets and orbital insights, in an aim to maintain safety and sustainability of space operations.
Currently, only 4% of the objects in orbit are tracked, thus leaving a significant gap in the surveillance and management of the rest of the millions of objects in space, the company said in a statement.
“The global space market is expected to cross $1 trillion by the next decade. We recognise the extraordinary potential for innovation in India and its capacity to become a significant global player in this domain… The investment is in line with our vision to back
