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Indian space tech startups have experienced a significant boost in funding, securing a record-breaking $126 million in 2023, which marks a 7% increase from 2022, according to Tracxn. This surge is largely attributed to a government push to support the sector. Among the notable recipients, Skyroot Aerospace received the highest funding at $99.8 million, followed by Pixxel Space with $71.7 million, and Agnikul Cosmos with $61.5 million. India now hosts more than 100 space technology startups, most of which have been established in the past five years. The cash raised has gone up 235%.
🇮🇳 Spacetech Startups Lift-Off with Record-Breaking Funding A govt push and record funding to the tune of $126 million in 2023 has helped boost India's spacetech sector - with the majority of some 100 companies founded in the last five years. The cash raised has gone up 235%… https://t.co/bdv3AUNZsE
Land of the rising space startups https://t.co/BKDw3QgHvv https://t.co/ALN1hAFxHK
🛰️ Indian #spacetech startups secured $126 million funding in 2023, up 7% from 2022: report India has more than 100 space technology startups, the majority of which were founded in the past five years. https://t.co/IMRdcExwhd
