Digantara, a Bengaluru-headquartered space-tech start-up has raised $10 million in a Series A1 funding round led by Peak XV Partners and Kalaari Capital. The round also witnessed the participation of Global Brain, a Japan-based venture capital (VC) firm, Campus Fund and the founders of IIFL Wealth.
Prior to this, the company raised $2.5 million from Kalaari Capital in 2021.
The company will utilise the newly generated capital to deploy the first phase of its surveillance satellite constellation. In addition to this, it will fuel the acceleration of its downstream space situational awareness (SSA) service.
The company recently expanded its service in Singapore. It has also started developing a commercial SSA optical observatory in Uttarakhand.
“We will invest heavily in launching our space tech infrastructure to track previously unobservable objects and significantly increase data points. This will empower stakeholders with comprehensive insights for efficient decision-making in an increasingly complex space environment,” said Anirudh Sharma, co-founder and CEO of Digantara.
“The team at Digantara is working towards creating the most advanced SSA data collection infrastructure. We believe that this will lead to significant capability in the life cycle of managing satellites, which is a rapidly growing market. We are thrilled to partner with Anirudh, Rahul and Tanveer on this journey,” said Shailesh Lakhani, MD, Peak XV Partners.