News Summary

Digantara, an Indian space surveillance startup, has successfully raised $50 million in a Series B funding round to enhance its space-based missile defense capabilities. The funding round saw participation from notable investors including 360 ONE Asset, SBI Investment of Japan, and entrepreneur Ronnie Screwvala. Existing backers such as Peak XV Partners and Kalaari Capital also contributed. Founded in 2020 and headquartered in Bengaluru, Digantara initially focused on space situational awareness. It has since broadened its scope to include missile detection and tracking, utilizing its space and ground-based sensing technologies. The startup has launched its first space surveillance satellite, SCOT, and plans to deploy 15 more over the next two years. With operations in India, Singapore, and the U.S., Digantara is expanding into the U.S. defense market and aims to establish a presence in Europe by 2026. The latest funding will support satellite launches and expansion efforts, with a significant portion earmarked for scaling manufacturing and operations in India. Digantara aims to achieve annual revenues of $25 million to $30 million within the next 18 months.