Digantara Founder and CEO Anirudh Sharma.
Credit: Special Arrangement
Bengaluru: Bengaluru-based spacetech startup Digantara Industries has raised $50 million in a Series B round. It aims to deploy this fresh capital into global expansion beyond India and the US, into new manufacturing facilities for optical systems, satellite production and towards doubling its research and development teams globally over the coming year. The startup is gearing up to launch 15 space-based surveillance satellites along with two dedicated missile-warning satellites through 2026-27.
This funding is from a mix of new strategic and financial investors such as 360 ONE Asset, SBI Investments Co Japan, and Ronnie Screwvala, with continued participation from existing investors, Peak XV Partners and Kalaari Capital.
“Space is no longer a frontier; it is the new high ground for national security. Adversaries of the future will seek asymmetric advantage where sensing, automation, and latency matter most", Digantara Founder and CEO Anirudh Sharma said.
“This capital accelerates our path to operational readiness, expands into the US and Europe, and drives new programs in missile warning, tracking, and space-based interceptors to deliver real deterrence and multidomain superiority," he added.
With operations across India, Singapore, and the US, and an expansion to Europe by mid-2026, Digantara is leveraging its global presence to provide strategic capabilities for multidomain awareness autonomy.
BHIVE to raise up to Rs 400 crore
Bengaluru-based co-working operator BHIVE Workspace is in advanced stages of raising up to Rs 400 crore as part of its ongoing pre-IPO funding round. It targets an IPO in 2027. The fundraise comprises a significant debt component from a consortium of lenders, along with an equity infusion of about Rs 100 crore that is in advanced stages of closure.
BHIVE Workspace Founder and CEO Shesh Rao Paplikar said, “Bengaluru is India’s largest and most competitive co-working market, and BHIVE has built a clear leadership position here. This fundraise accelerates our journey towards an IPO while enabling rapid expansion into key growth markets such as Pune, Hyderabad, and Chennai.”
The company is also on track to cross Rs 500 crore in revenue by FY28 and Rs 1,000 crore by FY30.