Digantara has recently recorded a major financial milestone with a post-money valuation of approximately $200 million. This valuation increase is after a successful Series B funding round, where the startup raised $50 million. Regulatory filings reviewed by Entrackr show that the company has increased its valuation by almost three times since the last time the company raised funds in February 2024, when the valuation was approximately $71 million. To raise the new capital, the allotment of 8,451 Series B preference shares at an issue price of ₹514793 per share was approved by the board at Digantara and amounted to approximately ₹435 crore.
Capital infusion
Reliance Business Ventures led the Series B round and injected a huge investment, amounting to approximately $30 million. A wide range of strategic and financial investors was also involved in the funding round that saw 360 One invest $10 million, SBI Ventures, and the existing investors, Peak XV Partners and Kalaari Capital, contributing 360 One with $3 million, $3.5 million, and $3 million, respectively.
upGrad co-founder Ronnie Screwvala contributed to the investment round through a $500,000 contribution. After this most recent capital infusion, Kalaari Capital remains the biggest shareholder with a stake of 21.76%, and the new lead investor, Reliance, has a stake of 15% in the company.
Mission and technological framework
Digantara was founded in December 2018 by Anirudh Sharma. Digantara has been a space situational awareness leader. The company concentrates on the construction of both space-based and terrestrial infrastructure that is meant to guarantee safe and secure operations in space.
This mission is important because this startup offers much-needed data-based orbital intelligence to diverse stakeholder groups such as governments, defense agencies, and commercial clients worldwide. Digantara will meet the rising demand of spacecraft safety in an environment that isincreasingly crowded; by monitoring objects in orbit and offering accurate determination of orbital paths, many objects that are to date unmonitored and threatening to spacecraft can be tracked.
Digantara has successfully raised about $65 million so far, including its most recent round, the Series A round, which raised an additional $10 million in June 2023. The company has already ventured outside India into Singapore and the United States, and it has intentions of venturing into the European market by mid-2026.
The technical structure of the company is supported through its integrated platform, AIRA that integrates sensing hardware and sophisticated data processing and analytics. This infrastructure consists of the SCOT constellation of space surveillance and the ALBATROSS family of missile warning and tracking. Digantara is working on SKYGATE, a system of terrestrial sensors, and is gearing up to roll out its satellite systems in phases into the 2026-27 period.
Conclusion
The fact that Digantara has become a $200 million-valued company serves as an indication of increased trust in the emerging space situational awareness needed in India and the role of space situational awareness in the spacetech ecosystem. The startup’s strong financial support of such large-scale actors as Reliance and a clear strategy to enter the global sphere and implement technological solutions make it one of the first to gain an advantage in the competition to occupy the orbital space.
Since the company has been growing its R&D teams and manufacturing facilities, its activities will play a vital role in delivering the high-fidelity data needed for the future of successful and sustainable space exploration and defence operations.
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