Indian space-tech startup Dhruva Space has raised $6 million in a pre-Series B funding round as it gears up to scale operations and strengthen its presence in India’s growing private space sector. The funding highlights investor confidence in Dhruva’s ability to deliver advanced satellite and launch solutions. With this fresh capital, the startup is set to expand manufacturing, enhance technology, and broaden its services for domestic and international clients.
Strong Investor Backing
The funding round is led by AVCF1, which has contributed more than half of the total amount. A mix of angel investors and smaller venture funds have also participated, signaling strong market confidence in the startup’s growth potential. Following this investment, Dhruva Space’s valuation is estimated at $215 million, a clear indicator of the trust investors place in the company. The capital injection will also allow the startup to attract talent, invest in research and development, and accelerate its satellite and launch service programs.
Dhruva Space’s Journey
Founded in Hyderabad, Dhruva Space has steadily made a mark in India’s space technology sector. The company specializes in designing, manufacturing, and launching satellites. Over the last two years, Dhruva has successfully launched eight payloads, including the Thybolt mission in 2022 and LEAP-TD in early 2024. Each successful launch has strengthened the company’s expertise and credibility in complex space operations. Prior to this round, Dhruva Space raised approximately $15 million in its Series A funding, which supported early growth and infrastructure development. The startup has consistently demonstrated its ability to innovate and execute challenging projects, making it a trusted name in India’s space-tech ecosystem.
Future Plans
The new funding will help Dhruva Space take on larger and more ambitious projects. The company plans to expand its manufacturing capacity, improve ground infrastructure, and increase satellite launch frequency. It also aims to invest in advanced technologies, including Earth observation and communication services. For India’s private space sector, this funding round is a significant milestone, showing that investors are willing to back homegrown space-tech companies. With more private players entering the field, India is likely to see faster satellite deployment, innovative solutions, and stronger participation in the global space market.
With a proven track record and fresh funding, Dhruva Space is well-positioned to lead India’s private space ventures into the future. The company’s focus on technology, scale, and global services demonstrates its ambition to become a major player in the international space industry. This milestone also reinforces the growing momentum of India’s private space sector and its potential to compete on a global stage.