Spacetech Startup Digantara Raises $50 Mn For Global Expansion

by · Inc42

SUMMARY

  • Digantara has raised $50 Mn (about INR 454.4 Cr) in its Series B round to expand its space surveillance capabilities
  • The round saw participation from SBI Investments Co Japan, 360 One Asset and entrepreneur Ronnie Screwvala. Existing backers Peak XV Partners and Kalaari Capital also participated in the round
  • Digantara said that it will use the capital for global expansion beyond India and the US, setting up new manufacturing facilities for optical systems and satellite production, and doubling its R&D teams globally over the coming year