Spacetech startup EtherealX raises $20 million in round co-led by TDK Ventures, BIG Capital

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Spacetech startup Ethereal Exploration Guild (EtherealX), a maker of reusable rockets, has secured $20.5 million in a round co-led by TDK Ventures and BIG Capital. The round also saw participation from Accel, Prosus, YourNest Venture Capital, BlueHill Capital, Campus Fund, and Riceberg Ventures.

The funding comes amid rising investor interest in India’s private space ecosystem. Last month, Digantara Industries raised $50 million, while Agnikul Cosmos raised $17 million at a valuation of about $500 million.

EtherealX’s fundraising was first reported…



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Spacetech startup EtherealX raises $20 million in round co-led by TDK Ventures, BIG Capital



Spacetech startup Ethereal Exploration Guild (EtherealX), a maker of reusable rockets, has secured $20.5 million in a round co-led by TDK Ventures and BIG Capital. The round also saw participation from Accel, Prosus, YourNest Venture Capital, BlueHill Capital, Campus Fund, and Riceberg Ventures.

The funding comes amid rising investor interest in India’s private space ecosystem. Last month, Digantara Industries raised $50 million, while Agnikul Cosmos raised $17 million at a valuation of about $500 million.

EtherealX’s fundraising was first reported…



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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