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IIT Bombay-incubated spacetech startup InspeCity has secured $5.6 million in seed funding led by Ashish Kacholia. The funds will support their satellite life-extension technology development.

PRIVATEMay 08, 2025

Amount Raised

$5.6 Million

Round Type

Seed

ThaneManufacturing

Investors

Shastra VCAnicut CapitalAntler IndiaAshish KacholiaMGF KavachhDevcDe VCSpeciale Invest

Description

InspeCity announced it has secured a $5.6 million seed funding round led by Ashish Kacholia. The Mumbai-based startup aims to build technology for in-space servicing and propulsion. The capital will enhance their research and development efforts. They plan a demo mission in 2027 to showcase their capabilities.

Quick answer

InspeCity raised $5.6 Million in a Seed round, dated May 8, 2025. Investors: Shastra VC, Anicut Capital, Antler India, Ashish Kacholia, MGF Kavachh, Devc, De VC and Speciale Invest. InspeCity is based in Thane, Maharashtra, India.

How much did InspeCity raise?
InspeCity raised $5.6 Million in a Seed round on May 8, 2025.
Who invested in InspeCity?
Shastra VC, Anicut Capital, Antler India, Ashish Kacholia, MGF Kavachh, Devc, De VC and Speciale Invest are named as investors in this round.
What does InspeCity do?
InspeCity is an IIT Bombay-incubated spacetech startup focused on creating technology for satellite life-extension.
Where is InspeCity based and how big is it?
InspeCity is based in Thane, Maharashtra, India. Fundz records about 54 employees.
Who are the decision-makers at InspeCity?
Fundz holds 1 contact at InspeCity. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Manufacturing around the same time

Companies in the same sectors as InspeCity that raised within 45 days of this round, from Fundz verified event records.

  • Peach Cars raised $11M (Series A) on June 22, 2025.
  • NovaSpark Energy raised an undisclosed amount on June 20, 2025.
  • Trak Outdoor raised $219K on June 20, 2025.
  • Okinawa Autotech raised $7M (Funding Round) on June 19, 2025.
  • RoboTwin raised $1.4M (Seed) on June 19, 2025.
  • Reaction Dynamics raised $11M (Series A) on June 18, 2025.

Who to call at InspeCity, and when

A new round usually means InspeCity is about to hire and buy. The teams that reach out first get the meeting.

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  • Who you already know at InspeCity, from your own LinkedIn network

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Company Information

Company

InspeCity

Location

Thane, Maharashtra, India

About

InspeCity is an IIT Bombay-incubated spacetech startup focused on creating technology for satellite life-extension. The company aims to build solutions for in-space servicing, assembly, and manufacturing (ISAM) as well as in-space propulsion. They plan to develop a fully vertically integrated platform for life-extension projects that include propulsion, robotics, and rendezvous proximity operations and docking technologies.

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