Blurb: Skyroot plans another test flight later this year before beginning commercial launch operations in 2027.
New Delhi
India’s private SpaceTech sector has raised a record $871 million across 241 funding rounds through July 2026, reflecting strong investor confidence following policy reforms that opened the country’s space industry to private participation, according to a report released on Tuesday.
The market intelligence platform Tracxn said India’s SpaceTech ecosystem now comprises 285 companies, of which 274 are currently active. A total of 72 startups have secured institutional equity funding across segments such as launch vehicles, satellite manufacturing, propulsion systems, space situational awareness, earth observation and downstream analytics.
The report attributed the sector’s rapid growth to government-led regulatory reforms introduced in 2020, which enabled private companies to enter the space industry. These reforms have helped India produce its first SpaceTech unicorn and achieve its first privately developed orbital launch.
A major milestone was achieved on July 18, when Skyroot Aerospace’s Vikram-1 mission successfully reached a 450-km low Earth orbit, deploying four payloads. The achievement made India the third country, after the United States and China, to demonstrate a privately developed orbital launch capability.
Funding in the sector has grown significantly, increasing from $43 million across 12 funding rounds in 2021 to a record $200 million across 53 rounds in 2025. The momentum has continued in 2026.
Seed-stage investments also surged from $7 million in 2022 to $62 million in 2025, while late-stage funding emerged for the first time, reaching $17 million in 2025 and $53 million so far in 2026.
Bengaluru remained India’s leading SpaceTech hub, attracting $495 million across 106 funding rounds, followed by Hyderabad with $205 million and Chennai with $80 million.
Among startups, Skyroot Aerospace is the highest-funded company with $150 million, followed by Pixxel ($96 million), AgniKul Cosmos ($76 million), Digantara ($67 million) and Bellatrix Aerospace ($34 million).