PE-VC Fund Investments
Space-tech startup Dhruva to raise $6-M in pre-Series B round
Hyderabad-based Dhruva Space is to raise INR 51.76 crore (USD 6 million) in a pre-Series B funding round. The round is to be led by AVCF1 (Aditum Venture Capital Fund), with participation from Aranya Holding Ventures LLP, Hyderabad Angel Fund, AR Enterprises, Ativira Technologies, and 33 other investors.Founded by Sanjay Nekkanti and Chaitanya Dora, Dhruva operates across space, launch, and ground segments, providing satellites, earth stations, and launch services. The company claims to have launched eight payloads in the recent past, including the Thybolt satellites in November 2022 and the LEAP-TD mission on January 1, 2024.
Between Oct 2021 and Apr 2024, Dhruva Space had attracted about USD 21 M from SIDBI VC, Big Capital, Blue Ashva Capital, Blume Ventures, IAN Fund, IvyCap Ventures, Silverneedle Ventures and others.
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