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Reliance Industries is reportedly in advanced talks to lead a $50 Mn (around INR 430 Cr) funding round in spacetech startup Digantara
. Existing backers, including Peak XV Partners, are also expected to participate in the fundraise.
“Reliance has evaluated multiple startups in the spacetech segment. It is looking at companies building novel solutions in the sector. Its talks with Digantara are at an advanced stage,” a person aware of these discussions was quoted as saying to ET.
The…
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Reliance Industries is reportedly in advanced talks to lead a $50 Mn (around INR 430 Cr) funding round in spacetech startup Digantara. Existing backers, including Peak XV Partners, are also expected to participate in the fundraise.
“Reliance has evaluated multiple startups in the spacetech segment. It is looking at companies building novel solutions in the sector. Its talks with Digantara are at an advanced stage,” a person aware of these discussions was quoted as saying to ET.
The…
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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