Startup COE
space startups in inida

Top 10 Space Tech Startups in India

Space Tech Startup in India is taking on Silicon Valley with innovative ideas and more affordable services. This not only makes them more competitive than Silicon Valley but allows them to outpace other firms around the world. Whether it’s launching satellites, building rockets, or creating low-cost technology, these companies are here to stay and disrupt traditional ways of doing business across industries like telecommunications, healthcare, and agriculture.

So, why wait to look into the top 10 best Space Tech Startups in India? Below we have listed the top space tech startups, with their founders, year of establishment, revenue, funds raised, etc. 

top 10 best space startups in India

10 Best Space Tech Startups in India:

10. Thumbtack Tech Solutions Private Limited

Thumbtack Tech Solutions Private Limited was founded by Karthik Vaidyanathan and a bunch of other co-founders in 2008. The company has over 15 years of experience in the market, providing advanced engineering solutions to customers worldwide. The company’s services are targeted towards education, healthcare & pharmaceuticals, scientific research, aerospace technology, and manufacturing – making Thumbtack Tech Solutions Private Limited a leading space tech startup.

Thumbtack Tech Solutions’s recent proposal entitled ‘AADHAAR Enabled Space Suit System for ISRO’ was accepted by the Indian Space Research Organization (ISRO) in 2017. Details on Thumbtack Tech Solutions’s proposal are not yet clear. Still, it is likely to focus on using biometric information – data collected from personal details such as fingerprints, iris scans, etc. – in space missions.

  • Year of establishment: 2008
  • Founders: Karthik Vaidyanathan, Anand Padmanaban, Gopi Dharan, Neelima Kumar
  • Headquarters: Hyderabad
  • Funds Raised so far: $20 Million
  • Acquisitions: None as of yet
  • Parent company: None as of yet

9. Bridger Aerospace Private Limited

Bridger Aerospace Private Limited is one of the world’s leading aerospace startups, with its main offices based out of Gurgaon (Gurugram), India. Bridger Aerospace specializes in aircraft design and manufacturing, space vehicle engineering, aerodynamics & dynamic sciences, propulsion technologies, and other aviation-related research activities. The company was founded back in 2009 by Rakesh Sharma but also has Dr. Yogesh Bhadani amongst its co-founders & Board of Directors members.

Bridger Aerospace recently won a large contract to build three satellites for NASA (National Aeronautical Space Administration) at its facility in Noida – an industrial region in Uttar Pradesh, India. Bridger is expected to launch two of these satellites by 2020, with the third scheduled for 2021. 

  • The Year of establishment: 2009
  • Founders: Rakesh Sharma, Yogesh Bhadani
  • Headquarters: Gurgaon (Gurugram) & Noida
  • Funds Raised so far: $7 Million
  • Acquisitions: None as of yet
  • Parent company: None as of yet

8. TERLS – Thumba Equatorial Rocket Launching Station (India)

The Thumba Equatorial Rocket Launching Station (TERLS) was founded back in 1963 by Dr. Vikram Sarabhai, one of India’s most famous scientists (and known as the father of the Indian space program). TERLS was a rocket testing facility that was built to research the upper atmosphere – however, it also doubled up as India’s first orbital launch site.

TERLS quickly became a major part of India’s space program and launched its first-ever satellite in July 1963. Since then, over 20 rockets have been launched from TERLS, the most recent being back in 2009. In 2011, TERLS was given control by the Indian Space Research Organization (ISRO) who continues to operate the facility to this day.

  • Year of establishment: 1963
  • Founders: Dr. Vikram Sarabhai
  • Headquarters: Thumba
  • Funds Raised so far: None as of yet
  • Acquisitions: None as of yet
  • Parent company: Indian Space Research Organization (ISRO)
  • Current valuation: Unknown

7. Axiom Research Labs Private Limited

As well as building satellites for NASA and other agencies across the world, Bridger Aerospace is also responsible for manufacturing a wide range of products, including robots & robotics technology which are then exported around the world. The company was founded back in 2008 by Rakesh Sharma but also has Dr. Yogesh Bhadani amongst its co-founders & Board of Directors members.

Axiom Research Labs is another top space tech startup specializing in building satellites for commercial purposes and carrying out research work on new technologies designed to help future generations explore outer space more efficiently. Axiom Research Labs was founded back in 2015 by Kaustubh Das – who serves as the company’s CEO and CTO (Chief Technology Officer) – however, it also has another notable co-founder in Ravishankar Ramanathan who manages AXL’s Bangalore facility.

  • Year of establishment: 2015
  • Founders: Rakesh Sharma, Kaustubh Das & Ravishankar Ramanathan
  • Headquarters: Gurgaon (Gurugram)
  • Funds Raised so far: $5 Million
  • Acquisitions: None as of yet
  • Parent company: None as of yet

Also Read:

6. Team Indus

Started back in 2011 in New Delhi, India; Team Indus is an aerospace startup that prides itself on being a private & commercial lunar transportation services company. They want to land their rover (known as the “Ek Choti Si Asha” or ‘hope of small dreams’) on the Moon by December 2017 – and also possess ambitions to get to Mars further down the line.

While this sounds like something straight out of science fiction, Team Indus has already managed to raise $35 million in funding so far – including $20 million from renowned Silicon Valley investor Rahul Narayan who helped found India’s first space tech startup back in 1989 known as “Indian Space Research Organization Technologies Private Limited”.

  • Year of establishment: 2011
  • Founders: Rahul Narayan, Indranil Chakraborty & Julius Amrit
  • Headquarters: New Delhi
  • Funds Raised so far: $35 Million
  • Acquisitions: None as of yet
  • Parent company: None as of yet

5. Angel Prime

Founded back in 2014 by Varun Kailas and three other co-founders, Angel Prime is one of the best space tech startup specializing in building spacecraft for private and commercial use.

At the time of writing, Angel Prime has big plans for 2018, which include launching a constellation of 12 Earth observation nanosatellites (known as “Swayam”), three micro-satellites (known as “Shiksha”), and 1 technology demonstrator satellite (known as “Tech Demo”); all of which will be operated from the Sriharikota launch site.

The name Angel Prime was chosen to reflect that they want to work closely with India’s NewSpace community to make their visions come true – whether this means providing essential services to the Indian Armed Forces or just totally revolutionizing how business is done in India.

  • Year of establishment: 2014
  • Founders: Varun Kailas (CEO & Co-founder), Mukund Murthy (CTO & Co-founder), Mohit Bhardwaj (Director of Finance & Co-founder), and Ritesh Bharadwaj
  • Headquarters: Bangalore
  • Funds Raised so far: $5 Million
  • Acquisitions: None as of yet
  • Parent company: None as of yet

4. Dhruva Space

Dhruva Space was co-founded back in 2015 by BC Karamjeet and V Subramanian – two individuals closely associated with India’s space program who has also previously worked for ISRO & Hindustan Aeronautics Limited. Dhruva Space specializes in designing, building, and launching nano/microsatellites for commercial purposes – both to provide necessary services to local communities as well as high-tech engineering solutions that can help solve problems on Earth.

The first successful launch of any technology that Dhruva Space developed occurred in July 2017 when they launched their first nanosatellite (known as “Compact Environmental Resources Satellite”) to help provide meteorological updates.

  • Year of establishment: 2015
  • Founders: BC Karamjeet & V Subramanian
  • Headquarters: Bengaluru (Bangalore)
  • Funds Raised so far: $25 Million
  • Acquisitions: None as of yet
  • Parent company: None as of yet

3. Bellatrix Aerospace

Bellatrix is another company co-founded by former ISRO employees, especially given that Rohan Ganapathy previously worked for India’s national space agency before helping set up Bellatrix in 2015. Not only does he serve as the company’s CEO, but his brother – Arun Ganapathy – also plays an important role within the company and has served as its Director of Engineering since 2016.

Since the conception of Bellatrix Aerospace back in 2015, their goal has been quite clear – to maximize access to space while simultaneously carrying out research work on technologies designed to further humanity’s efforts to colonize the Moon. They also have their eyes set on Mars – with plans in place to help establish a human colony on the Red Planet by 2040.

  • Year of establishment: 2015
  • Founders: Rohan Ganapathy (CEO) and Arun Ganapathy
  • Headquarters: Bengaluru (Bangalore)
  • Funds Raised so far: $6 Million
  • Acquisitions: None as of yet
  • Parent company: None as of yet

2. Exseed Space (or Satellize)

A space tech startup founded by an all-female team in 2016; namely, Vrinda Haridas, Megha Arora, and Sangeeta Panicker – Exseed Space is part of an upcoming generation of tech entrepreneurs that are not just passionate about India’s future – but also want to help revolutionize the country’s entrepreneurial ecosystem for years to come.

When it comes down to their exact mission statement, Exseed Space wants to make space accessible through cost-effective products. To do this, they plan to utilize “innovative technologies” while ensuring that safety is always at the forefront of any launch vehicle they build.

  • Year of establishment: 2016
  • Founders: Vrinda Haridas (CEO), Megha Arora, and Sangeeta Panicker
  • Headquarters: Hyderabad
  • Funds Raised so far: $0.5 Million
  • Acquisitions: None as of yet
  • Parent company: None as of yet

1. Blacksky Labs

BlackSky Labs is one of the most promising space tech startups in India, especially given the fact that they were recently acquired by a US-based private equity fund based out of Washington, D.C, back in 2017 for an undisclosed amount. In terms of what they do, BlackSky Labs manufactures and sells satellite image processing software to help “analysts & researchers around the world” visualize what is happening on Earth at any given moment.

One of the most important aspects of BlackSky Labs is its ability to help out with emergency situations that could potentially help save thousands of lives. For instance, they were able to quickly locate the exact location where an earthquake struck Nepal back in 2015. In essence, BlackSky Labs has already been able to prove that their services are quite valuable on more than one occasion.

  • Year of establishment: 2014
  • Founders: Naren Balaji and Krishna Jagannathan
  • Headquarters: Bengaluru (Bangalore) & Seattle
  • Funds Raised so far: $200 Million
  • Parent company: Verint Systems

Written by: Swati Rath 

Photo by Felipe Simo on Unsplash

87 / 100

Startup COE

2 comments

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.