Indian Spacetech Startups Raise $871M, Skyroot Leads: Rediff Moneynews
Indian spacetech startups have secured $871 million in funding, led by Skyroot Aerospace, India”s first spacetech unicorn. Bengaluru emerges as a key hub.
The funding has been received by 285 companies across 241 funding rounds, as per the data updated till July by Tracxn Technologies.
Skyroot, which created a record by launching the country’s maiden privately developed small-lift launch vehicle ‘Vikram-1’ recently, has raised the highest sums at USD 150 million, it said.
The Hyderabad-based company is also India’s first spacetech unicorn, or a venture commanding a valuation of over USD 1 billion, with a USD 1.1 billion value as per its last funding round in May this year, the data said.
The top-10 funded companies alone account for over 60 per cent of the total USD 871 million dollar in external funding raised by such companies till now.
Among the cities, spacetech startups in Bengaluru lead with USD 495 million raised across 106 funding rounds, the data said, adding that the IT capital is home to six of the top-10 funded startups.
Bengaluru-based Pixxel (USD 96 million), Agnikul Cosmos (USD 76 million) and Digantara (USD 67 million) follow Skyroot, it said.
Funding to such startups has been steadily rising over the years and Indian policymakers have undertaken reforms to promote private enterprises in the sector once controlled by the state-run Isro, it said, adding that the year 2021 saw USD 43 million in funding, which crossed USD 200 million in 2025.
In 2026, startups have raised USD 113 million across 24 rounds till now, with five funding rounds at Skyroot, Digantara, Etherealx, Bellatrix Aerospace, and Agnikul alone accounted for over USD 158 million of the funding, it said.
