Dhruva Space, a National Award-winning, Hyderabad-based spacetech startup, has successfully raised $9.4 million (Rs 78 crore) in its Series A2 funding round of equity and debt. The round was led by IAN Alpha Fund, with contributions from the Technology Development Board and other existing investors. This funding will support the establishment of a new 2.8 lakh square feet spacecraft facility. The investment marks the debut for IAN Alpha Fund, the second venture capital fund of the IANetwork group, and adds to Dhruva Space's total of Rs 123 crore raised in its Series A funding.
We are thrilled to announce that the IAN Alpha Fund, the second VC Fund of @ianetwork Group, has commenced its investment journey. Its recent investment in @DhruvaSpace, a National Award-winning full-stack space-tech company, marks a significant milestone for both parties. https://t.co/9DqY0zDsik
💰 @DhruvaSpace, a full-stack space-tech company, has raised Rs 78 crore in its Series A2 round led by IAN Alpha Fund (@ianetwork), along with participation from existing investors. With this, the #spacetech #startup has raised a total of Rs 123 Crores in Series A round. https://t.co/8BfqybLq7L
IAN Alpha Fund, the 2nd VC fund of @ianetwork Group, makes its debut investment through @DhruvaSpace! https://t.co/FKbEUWsUnQ
#FPTech: Dhruva Space raises $9 million in latest funding round, to set up its 2.8 lakh sq ft spacecraft facility https://t.co/oxRWx8jnA0
Hyderabad's Dhruva Space bags $9 million from IAN Alpha Fund, others https://t.co/0eD0WSFKuC via @moneycontrolcom
🚨🚀 Spacetech startup Dhruva Space has raised $9.4 million (Rs 78 crore) in a mix of equity and debt from IAN Alpha Fund, Technology Development Board and other existing investors in its latest funding round.