Reliance Industries led a $50 million (Rs 435 crore) funding round at spacetech firm Digantara, according to a filing by the Bengaluru-based startup with the Registrar of Companies.
The round, which valued Digantara at around $200 million, also saw participation from the likes of 360 One Asset, Tokyo-based asset management firm SBI Holdings and UpGrad founder Ronnie Screwvala, along with existing backers Peak XV Partners and Kalaari Capital, which the company had announced last month.
In July 2025, ET had reported that the firm was in advanced talks to raise funds from Reliance Industries as a lead investor.
The IISc-incubated startup uses proprietary technology to track fast-moving objects in space from space, including satellites, debris and other objects. Its space camera for object tracking can track objects at a resolution of up to five centimetres, compared with an industry standard of around 10 cm.
The startup is focused on serving the defence markets of India, the US, the UK, Singapore, Australia and Japan, and plans to expand into Europe by mid-2026, founder Anirudh Sharma had told ET.
The fresh funds will be used for global expansion, especially in the US, given announcements of the Golden Dome missile system—a multi-layered US missile defence system that aims to integrate ground, sea, air and space-based technologies. Digantara was among the companies selected for the programme
Part of the capital will be used to increase production and building satellite manufacturing capability. Digantara currently has three satellites in orbit. The first two missions focused on space weather, while the latest focused on space object tracking.
Spacetech has seen increased interest from venture capital funds over the past year. In November 2025, Agnikul Cosmos raised $17 million in a funding round that valued the company at $500 million. This month, reusable rocket maker Ethereal Exploration Guild (EtherealX) secured $20.5 million in a round co-led by TDK Ventures and BIG Capital.