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India’s spacetech sector is entering a defining growth phase as over 100 private startups compete to build rockets, satellites, propulsion systems, and AI-driven space analytics. With policy liberalisation, 100% FDI in select segments, a ₹1,000 crore venture fund, and strong government backing from ISRO and IN-SPACe, the ecosystem is rapidly evolving. Despite funding cooling to $81 million in 2024, deal activity rose, indicating sustained investor confidence. From launch pioneers like Skyroot and Agnikul to satellite intelligence players like Pixxel and SatSure, these 26 spacetech startups are positioning India to reach a $44 billion space economy by 2030, making the sector one of the most promising long-term technology and investment themes.
India’s spacetech ecosystem is entering a defining decade. With policy liberalisation, private launchpads, satellite constellations, AI-driven analytics, and reusable rockets, over 100 private space startups are now building India’s next frontier. Despite funding cooling to $81 million in 2024, deal activity rose, signaling deeper investor conviction. With a national goal of a $44 billion space economy by 2030, these 26 startups represent the core innovation engines shaping India’s orbital ambitions.
India’s space story is no longer driven solely by Indian Space Research Organisation. Since the 2020 policy shift allowing private participation, the country has witnessed a surge in spacetech startups across launch vehicles, satellite manufacturing, propulsion, analytics, and in-orbit services.
Government initiatives through IN-SPACe and NewSpace India Ltd have unlocked capital, infrastructure, and global partnerships—transforming the ecosystem from a state-led model into a commercial, innovation-driven space economy.
With ambitions of reaching $44 billion by 2030, India’s spacetech startups are now competing globally in launch systems, satellite data, propulsion, and AI-driven space analytics.
Key structural changes since 2020:
Funding landscape:
| Year | Total Funding | Deal Count |
|---|---|---|
| 2023 | Higher funding levels | 11 deals |
| 2024 | $81 million | 14 deals |
While funding dropped, deal activity increased—indicating broader ecosystem participation.
Founded in 2016, Aadyah Aerospace focuses on satellite subsystems, actuators, and electro-optic systems.
Founded in 2020, Abyom is building reusable rockets and launch infrastructure.
Chennai-based Agnikul Cosmos built a private launchpad at Sriharikota and launched its sub-orbital rocket.
Founded in 2017, Astrogate Labs is building space-to-ground optical communication systems.
Founded in 2015, Bellatrix Aerospace develops advanced satellite propulsion technologies.
Founded in 2018, Blue Sky Analytics uses AI and satellite data for environmental intelligence.
Founded in 2012, Dhruva Space provides integrated satellite, launch, and ground station services.
Founded in 2018, Digantara focuses on space surveillance and debris tracking.
Founded in 2022, Eon Space Labs develops miniaturised optical payloads.
Founded in 2022, EtherealX is building reusable medium-lift launch vehicles.
Founded in 2020, GalaxEye Space builds multi-sensor imaging satellites.
Founded in 2020, GreenSat uses satellite data and AI to support agriculture.
Founded in 2022, InspeCity develops robotic satellite servicing technologies.
Founded in 2019, Kawa Space builds satellite-powered earth observation platforms.
Founded in 2022, KaleidEO is building a high-resolution satellite constellation.
Founded in 2018, Kepler Aerospace designs defence-grade satellite components.
Founded in 2017, Manastu Space develops eco-friendly satellite propulsion.
Founded in 2017, NewSpace Research builds AI-powered aerospace and defence systems.
Founded in 2010, Omnipresent Robotech develops robotics and lunar navigation software.
Founded in 2023, PierSight builds ocean-monitoring satellites.
Founded in 2019, Pixxel is building a hyperspectral imaging satellite constellation.
Founded in 2018, Satellize develops nanosatellites and space communication platforms.
Founded in 2017, SatSure uses satellite data for agriculture, banking, and infrastructure intelligence.
Founded in 2020, SkyServe provides AI-driven satellite analytics.
Founded in 2018, Skyroot Aerospace became the first private Indian company to launch a rocket.
Founded in 2017, Vasundhara Geo Technologies specialises in satellite data analytics.
| Metric | Projection |
|---|---|
| Space economy target | $44 billion by 2030 |
| Private startups | 100+ |
| Key segments | Launch, satellites, analytics, propulsion |
| Government support | VC funds, FDI reforms, GST exemptions |
Expert Insight: “India’s spacetech ecosystem is entering the same phase fintech experienced a decade ago. With strong policy backing and a massive global market, the startups building launch vehicles, satellite constellations, and space analytics platforms could define India’s next wave of tech unicorns.”
Structural tailwinds:
India’s private space ecosystem is moving from:
Government missions → Commercial space economy
Investors tracking listed tech or aerospace plays can use:
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