Digantara, a Bengaluru-based space technology startup, has raised $50 million in its Series B funding round.
The round was led by Reliance Industries, which valued the company at around $200 million, according to filings with the Registrar of Companies (RoC).
Other investors in this round include 360 One Asset, SBI Holdings (Japan), Ronnie Screwvala, and existing backers Peak XV Partners and Kalaari Capital.
Company filings show that Digantara issued 8,451 Series B preference shares at ₹5,14,793 per share, raising a total of ₹435 crore (about $50 million).
Reliance Business Ventures led the funding round by investing ₹261 crore, followed by 360 One with ₹87 crore. SBI Ventures, Peak XV Partners, Kalaari Capital, and Ronnie Screwvala also took part with smaller investments.
Digantara will use this new funding mainly to expand globally, especially in the United States market.
The expansion focus comes after Digantara was selected for the Golden Dome missile defence programme, which combines land, sea, air, and space technologies into one defence system.
Some of the money will be used to increase production and build satellite manufacturing capabilities. Digantara already has three satellites in space, including missions for space weather and space object tracking.
Founded in 2018 by Anirudh Sharma, Digantara provides space safety and tracking solutions, helping governments, defence organisations, and businesses operate safely in space.
Read More- Zepto Signs MoU With Ayush Ministry to Sell Ayush Products Online
