India’s space technology sector is booming, thanks to a combination of government support and innovative startups. Here are the top 10 SpaceTech startups in India to watch in 2024, showcasing significant advancements and unique contributions to the industry:
1. Pixxel
| Attribute | Details |
|---|---|
| Founders | Awais Ahmed and Kshitij Khandelwal |
| Established | 2019 |
| Focus | Earth-imaging satellites |
| Key Achievements | – First satellite launched on ISRO PSLV in Nov 2022<br>- $7.3M funding from Techstars and Omnivore VC |
| Special Notes | – Hyperspectral imaging for agriculture and urban planning<br>- Only Asian startup in 2019 Techstars Starburst Space Accelerator |
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- Founders: Awais Ahmed and Kshitij Khandelwal.
- Established: 2019.
- Focus: Building a constellation of 24-30 small Earth-imaging satellites for real-time data and analytics.
- Key Achievements:
- Pixxel’s hyperspectral imaging technology provides high-resolution images for sectors like agriculture, mining, and urban planning.
- Successfully launched their first satellite, Anand, on an ISRO PSLV rocket in November 2022.
- Participated in the Techstars Starburst Space Accelerator, marking significant international recognition.
- Raised significant funding from Techstars, Omnivore VC, and others, totaling $7.3 million.
2. Bellatrix Aerospace
| Attribute | Details |
|---|---|
| Founders | Rohan Ganapathy, Nuthan Prasanna, Yashas Karanam |
| Established | 2015 |
| Focus | Advanced propulsion systems |
| Key Achievements | – Global patents for thrusters<br>- $8M Series A funding<br>- Collaboration with Skyroot Aerospace |
| Special Notes | – Developing eco-friendly rocket Chetak using liquid methane<br>- Orders from ISRO |
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- Founders: Rohan Ganapathy, Nuthan Prasanna, and Yashas Karanam.
- Established: 2015.
- Focus: Development of advanced propulsion systems, including electric and green propulsion.
- Key Achievements:
- Developed thrusters with global patents and received orders from ISRO.
- Partnered with Skyroot Aerospace to use their Orbital Transfer Vehicle.
- Raised $8 million in Series A funding in June 2022 to enhance propulsion technologies.
- Plans to launch its eco-friendly rocket, Chetak, which uses liquid methane as fuel.
3. Skyroot Aerospace
| Attribute | Details |
|---|---|
| Founders | Pawan Kumar Chandana, Naga Bharath Daka |
| Established | 2017 |
| Focus | Small satellite launch vehicles (SSLVs) |
| Key Achievements | – First private Indian firm to build homegrown rocket engine<br>- $11M funding |
| Special Notes | – Developing Vikram series rockets<br>- Partnering with Bellatrix for propulsion systems |
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- Founders: Pawan Kumar Chandana and Naga Bharath Daka.
- Established: 2017.
- Focus: Development of small satellite launch vehicles (SSLVs).
- Key Achievements:
- First privately-owned Indian firm to demonstrate a homegrown rocket engine.
- Successfully raised $11 million in funding from various investors.
- Plans to launch their Vikram series rockets to provide cost-effective launch services.
- Collaboration with Bellatrix Aerospace to integrate propulsion systems into their launch vehicles.
4. Agnikul Cosmos
| Attribute | Details |
|---|---|
| Founders | Srinath Ravichandran, Moin SPM |
| Established | 2017 |
| Focus | Customizable, modular launch vehicles |
| Key Achievements | – Semi-cryogenic engine tests successful<br>- $11M Series A funding<br>- Agreement with ISRO |
| Special Notes | – Planned commercial launches by 2024 |
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- Founders: Srinath Ravichandran and Moin SPM.
- Established: 2017.
- Focus: Development of the Agnibaan rocket, a customizable and modular launch vehicle.
- Key Achievements:
- Completed successful test firings of their semi-cryogenic engine.
- Raised $11 million in Series A funding to develop the Agnibaan rocket.
- Signed an agreement with ISRO to access its facilities for testing and development.
- Planned commercial launches to start by 2024.
5. Dhruva Space
| Attribute | Details |
|---|---|
| Founder | Sanjay Nekkanti |
| Established | 2012 |
| Focus | Small satellite platforms and end-to-end solutions |
| Key Achievements | – Developed Orbital Deployers<br>- Collaborated with international space agencies |
| Special Notes | – Certified by IN-SPACe |
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- Founder: Sanjay Nekkanti.
- Established: 2012.
- Focus: Developing small satellite platforms and providing end-to-end satellite solutions.
- Key Achievements:
- Developed Orbital Deployers and Satellite Platforms.
- Collaborated with various international space agencies for joint satellite missions.
- Raised significant funding to expand their satellite manufacturing capabilities.
- Received certification from the Indian National Space Promotion and Authorization Center (IN-SPACe).
6. Astrome Technologies
| Attribute | Details |
|---|---|
| Founders | Neha Satak, Prasad HL |
| Established | 2018 |
| Focus | 5G and rural telecommunication infrastructure |
| Key Achievements | – Developed millimetre-wave E-band radios<br>- $10M funding from Accel and Sequoia |
| Special Notes | – Solutions for rural connectivity, weather forecasting, disaster management |
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- Founders: Neha Satak and Prasad HL.
- Established: 2018.
- Focus: Accelerating 5G and rural telecommunication infrastructure using E-band radios and satellite communication.
- Key Achievements:
- Developed innovative millimetre-wave E-band radios that enhance 5G backhaul.
- Secured over $10 million in funding from Accel Partners and Sequoia Capital India.
- Solutions are used for rural connectivity, bridging the digital divide.
- Products also support satellite-based services like weather forecasting and disaster management.
7. SatSure
| Attribute | Details |
|---|---|
| Founders | Prateep Basu, Rashmit Singh Sukhmani, Abhishek Raju |
| Established | 2017 |
| Focus | Satellite data for decision intelligence |
| Key Achievements | – $20M funding from major banks<br>- Plans for high-resolution satellites by 2024 |
| Special Notes | – SaaS product for financial institutions, agriculture, and infrastructure sectors |
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- Founders: Prateep Basu, Rashmit Singh Sukhmani, and Abhishek Raju.
- Established: 2017.
- Focus: Utilizing satellite data to provide decision intelligence services for sectors like BFSI, agriculture, and infrastructure.
- Key Achievements:
- Raised $20 million in funding from major banks including ICICI, Kotak Mahindra, and HDFC.
- Plans to launch a fleet of four high-resolution satellites by 2024.
- Their SaaS product helps financial institutions offer on-demand credit to farmers.
- Solutions improve efficiency and decision-making in the agriculture and infrastructure sectors.
8. Digantara
| Attribute | Details |
|---|---|
| Founders | Anirudh Sharma, Rahul Rawat, Tanveer Ahmed |
| Established | 2018 |
| Focus | Space debris management and sustainable space practices |
| Key Achievements | – Launched Pushan-Alpha satellite<br>- Developing Space Mission Assurance Platform |
| Special Notes | – $12.5M funding from Kalaari Capital and Peak XV Partners |
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- Founders: Anirudh Sharma, Rahul Rawat, and Tanveer Ahmed.
- Established: 2018.
- Focus: Space debris management and sustainable space practices.
- Key Achievements:
- Launched the Pushan-Alpha satellite for space weather monitoring.
- Developing a Space Mission Assurance Platform for managing space operations and traffic.
- Raised $12.5 million from investors like Kalaari Capital and Peak XV Partners.
- Aims to create an Indian ecosystem for small satellites and sustainable space operations.
9. Vasundhara Geo Technologies
| Attribute | Details |
|---|---|
| Founder | Aditya Tekale |
| Established | 2017 |
| Focus | Data mining from satellites and aerial platforms |
| Key Achievements | – Completed over 75 projects<br>- Team includes data analysts, geologists, and software developers |
| Special Notes | – Efficient handling of extensive and intricate datasets |
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- Founder: Aditya Tekale.
- Established: 2017.
- Focus: Data mining from satellites, aerial platforms, and field sensors using deep learning algorithms.
- Key Achievements:
- Completed over 75 projects across various sectors including agriculture, environment, and disaster management.
- Their technology provides rapid and insightful data analysis for clients.
- Team comprises data analysts, software developers, geologists, and business professionals.
- Known for efficiently handling extensive and intricate datasets.
10. Aadyah Aerospace
| Attribute | Details |
|---|---|
| Founder | Shaju Stephen |
| Established | 2016 |
| Focus | Aeronautics, space, and defense engineering |
| Key Achievements | – Developed advanced actuators and control systems<br>- $6.12M funding from Keiretsu Forum |
| Special Notes | – Integrating AI for enhanced aerospace applications |
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- Founder: Shaju Stephen.
- Established: 2016.
- Focus: Aeronautics, space, and defense engineering, and technology solutions.
- Key Achievements:
- Developed advanced electro-mechanical actuators and control systems for missiles and launch vehicles.
- Secured $6.12 million in funding from the US-based Keiretsu Forum.
- Created a cube set dispenser for securely holding satellites during launch.
- Integrates AI to enhance computer vision, communication, and motion control in aerospace applications.
These startups are driving India’s ambitions in space technology, contributing significantly to global space exploration and applications.
