Spacetech startup Digantara has raised $10 million in a Series A funding round led by Peak XV Partners and Kalaari Capital. The round also saw participation from Exfinity Venture Partners, Blume Ventures, and LetsVenture.
Digantara’s primary focus lies in the development of space situational awareness (SSA) products and services. In an era where space assets are becoming increasingly critical, ensuring their safety is of utmost importance. Digantara’s solutions play a vital role in this regard, as they provide valuable insights and information about the space environment.
Siddharth Jain, CEO and co-founder of Digantara, is thrilled about the recent funding. He believes that this financial support will greatly enhance the company’s growth and help them achieve their ultimate goal of ensuring safety in space for all individuals. Jain is particularly excited about the opportunity to collaborate with Peak XV Partners and Kalaari Capital.
Peak XV Partners specializes in investing in early-stage companies in the space technology sector, while Kalaari Capital focuses on investing in technology companies in India and Southeast Asia. The involvement of these venture capital firms highlights the growing interest in the space technology industry.
The funding for Digantara is a sign of the growing interest in the space technology sector.
