Reliance in advanced talks to lead $50 million raise in spacetech startup Digantara

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Reliance Industries is in advanced discussions to lead a $50 million (around Rs 430 crore) funding round in spacetech startup Digantara Research & Technologies, which is focused on space situational awareness and surveillance, people familiar with the matter told ET. Existing investors, including Peak XV Partners, are also expected to participate in the round.

The funding would mark a significant bet on India’s emerging space surveillance sector that is gaining traction amid increasing global geopolitical tensions and rising defence…



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Reliance in advanced talks to lead $50 million raise in spacetech startup Digantara



Reliance Industries is in advanced discussions to lead a $50 million (around Rs 430 crore) funding round in spacetech startup Digantara Research & Technologies, which is focused on space situational awareness and surveillance, people familiar with the matter told ET. Existing investors, including Peak XV Partners, are also expected to participate in the round.

The funding would mark a significant bet on India’s emerging space surveillance sector that is gaining traction amid increasing global geopolitical tensions and rising defence…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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