Dhruva Space To Raise ₹147 Crore In Pre-Series B As Revenue Jumps 8X

Hyderabad-based spacetech startup Dhruva Space is set to raise ₹147 crore (approximately $15.5 million) in a pre-Series B funding round led by IndusBridge Ventures, with participation from government-backed Antariksh Venture Capital Fund, Blue Ashva Sampada Fund and other investors. Founded by Sanjay Nekkanti, Chaitanya Dora Surapureddy, Abhay Egoor and Krishna Teja Penamakuru, the company develops satellite platforms, ground stations and end-to-end space engineering solutions.

The proposed investment comes amid strong business growth, with Dhruva Space reporting an eightfold increase in operating revenue to ₹79 crore in FY26, compared with ₹10 crore in FY25. The company plans to use the capital to develop and launch communication, Earth observation and remote-sensing satellites, expand infrastructure and support working capital requirements.The development reflects growing investor interest in India's private space sector and the expansion of indigenous satellite manufacturing and space-based services.

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