Dhruva Space raised ₹78cr in a Series A2 round led by Indian Angel Network and other investors to build satellite infrastructure and expand global presence.
Amount Raised
₹780 Million
Round Type
Series A
HyderabadOtherSoftwareEngineering ServicesInvestors
Description
Chennai-based space-tech startup Dhruva Space has successfully closed a Series A2 funding round, raising ₹78 crore. The funds will be utilized for building a total 2.8 lakh sq ft satellite infrastructure mass production facility at Shamshabad near Hyderabad, with plans to approach global satellite OEMs for further capital.
Quick answer
Dhruva Space raised ₹780 Million in a Series A round, dated April 21, 2024. Investors: Oswaal Books Kshama Capital, Blue Ashva Capital, Primarc, Arvog, Mumbai Angels and Indian Angel Network. Dhruva Space is based in Hyderabad, Telangana, India.
- How much did Dhruva Space raise?
- Dhruva Space raised ₹780 Million in a Series A round on April 21, 2024.
- Who invested in Dhruva Space?
- Oswaal Books Kshama Capital, Blue Ashva Capital, Primarc, Arvog, Mumbai Angels and Indian Angel Network are named as investors in this round.
- What does Dhruva Space do?
- Dhruva Space is a full-stack Space-Engineering solutions provider, active across the Space (Satellite Platforms & Subsystems), Launch (Deployers) and Ground (Earth Stations) segments.
- Where is Dhruva Space based and how big is it?
- Dhruva Space is based in Hyderabad, Telangana, India.
- Who are the decision-makers at Dhruva Space?
- Fundz holds 1 contact at Dhruva Space. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Engineering Services and Software around the same time
Companies in the same sectors as Dhruva Space that raised within 45 days of this round, from Fundz verified event records.
- Vantage Discovery raised $16M (Series A) on June 5, 2024.
- Brandt Information Services raised an undisclosed amount on June 5, 2024.
- Plancraft raised $13M (Series A) on June 5, 2024.
- Ittybit raised $1.9M (Seed) on June 5, 2024.
- Better HR raised an undisclosed amount (Funding Round) on June 5, 2024.
- McEasy raised $11M (Series A) on June 5, 2024.
Who to call at Dhruva Space, and when
A new round usually means Dhruva Space is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Dhruva Space raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Dhruva Space, from your own LinkedIn network
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Funding Insights
What this usually meansDhruva Space raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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