Space surveillance and intelligence startup Digantara has touched a post money valuation of around $200 million (₹1,740 crore) following its recently announced $50 million Series B funding round led by Reliance.
While the Bengaluru based company did not disclose valuation details at the time of announcing the fundraise, regulatory filings sourced from the Registrar of Companies (RoC) show that Digantara issued 8,451 Series B preference shares at an issue price of ₹5,14,793 each, raising a total of ₹435 crore (approximately $50 million).
Reliance Business Ventures led the round with an investment of ₹261 crore, accounting for nearly $30 million. 360 One participated with ₹87 crore, while SBI Ventures invested ₹26 crore. Existing investors Peak XV Partners and Kalaari Capital also doubled down, investing ₹30.47 crore and ₹26 crore respectively. UpGrad founder Ronnie Screwvala joined the round with a ₹4.37 crore investment.
Founded in December 2018 by Anirudh Sharma, Digantara operates in the space situational awareness (SSA) segment, offering data driven orbital intelligence to governments, defence agencies and commercial satellite operators. The company builds both space based and ground-based infrastructure to enable safe and secure space operations.
The latest round marks a sharp valuation jump for Digantara, which was valued at around ₹590 crore when it raised funding from the Aditya Birla Group and SIDBI in February 2024.
Following the Series B round, Kalaari Capital remains the largest external shareholder with a 21.76% stake, while Reliance now holds around 15%. Peak XV Partners owns 11.61%, and the founders Anirudh Sharma, Rahul Rawat and Tanveer Ahmed together retain a 27.26% stake. The company also maintains an ESOP pool of 6.6%.
For FY25, Digantara reported operating revenue of ₹50 lakh, while losses stood at ₹20.9 crore, as the company continued to invest heavily in technology and infrastructure.
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