Category: Spacetech
Spacetech Funding in India Soars in 2023, But Still Lags Behind Global Giants!
- Spacetech funding in India has surged to $126 million in 2023, reflecting a 7% increase from 2022 and a remarkable 235% leap from 2021.
- Skyroot Aerospace led the funding with $99.8 million, followed by Pixxel at $71.7 million and Agnikul at $61.5 million, with early-stage investments dominating the sector.
- Despite growth in early-stage funding, late-stage investments are lacking, and India has yet to see any unicorns in the space tech sector.