Private Equity

VC Fund Investments

Spacetech firm SatSure gets funding from Baring PE, Promus Ventures, others

Inc42  

Bengaluru-based spacetech startup SatSure has raised capital as part of its Series A funding round co-led by Baring Private Equity Partners (BPEP) India and Promus Ventures. TransUnion also backed the company in the round for a minority stake.Founded in 2017, SatSure uses satellite data to offer ‘decision intelligence’ across BFSI (banking, financial services and insurance), agriculture, and infrastructure sectors. It counts Force Ventures, Luckbox Ventures and IndigoEdge Advisors among its investors.Last year, the startup raised USD 15 million in its Series A round led by BPEP and Promus Ventures. SatSure also bagged a strategic investment from ICICI Bank, Kotak Mahindra Bank, and HDFC Ltd. In 2022, the startup raised USD 5 million in its pre-Series A round from BPEP, Flowstate VC and Force Ventures.