Indian spacetech startups seek fresh funding in 2026
Indian spacetech startups are in the market to raise fresh capital, testing whether the investor appetite that produced large rounds for Skyroot Aerospace and Pixxel will extend to the next cohort of companies.
Sisir Radar, Sanyark Space, and PierSight are looking to raise fresh capital, according to people familiar with the matter. The sector has raised $331 million so far this year, compared with $210 million in all of 2025, according to Tracxn. The number of deals has fallen to 37 from 69 last year.
What the companies do
Sanyark Space builds a satellite constellation for navigation and communication services. PierSight is a maritime and defence satellite startup.
The rounds taking shape
Kolkata-based Sisir Radar is looking to raise $20 million. It last raised $7 million in a Series A round from 360 ONE Asset, with participation from Shastra VC, in December 2025. In that round, it was valued at $24.6 million post-money.
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Sanyark Space is in the process of raising $10 million. Avaana Capital and AUM Ventures, which invested $2 million in seed money in the Hyderabad-based company last year, are expected to put money in the new round as well. Co-founder and chief executive Raghava K. said, “We are raising a $10 million VC round which will be used for a satellite launch in Q4 and three further satellites for proving low-earth orbit-based PNT and communication technologies.” He declined to comment on how much the company's valuation would rise. In its $2 million seed round, it was valued at $7.5 million post-money.
PierSight, backed by $8 million in seed funding from various funds, including Boundless Ventures, is in the market to raise $20-25 million. It is in talks with Elevation Capital and Alpha Wave, a person directly involved with the deal said. The valuation it is seeking was not detailed.
Why it matters
Skyroot and Pixxel together accounted for just under half of the funding raised by Indian spacetech startups this year, raising the question of whether investors will extend the same appetite for large cheques to the next cohort.
Investor caution is evident. “Valuations rising aren't inherently a bad thing, but if investors begin to pump in money without understanding that these companies take a long time to mature, the ecosystem will eventually see corrections,” said Manu Iyer, co-founder and general partner at Bluehill.vc.
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