Indian space-tech startup raises $9.4 Mn to build spacecraft manufacturing facility
Image Credit: newsbytes
Dhruva Space, an Indian space-tech startup, has successfully raised $9.4 million in its latest funding round. The funds were sourced from a mix of equity and debt financing, with contributions from investors such as IAN Alpha Fund and the Technology Development Board, along with existing supporters. According to Sanjay Nekkanti, the company's founder and CEO, these funds will be channeled toward initiating the development of a large-scale spacecraft manufacturing facility in Hyderabad.