XDLINX Space Labs raises USD 7 million in seed funding led by Ashish Kacholia

XDLINX Space Labs, a prominent player in India's space technology industry, has announced the successful completion of a USD 7 million seed funding round. The round was led by Ashish Kacholia of Lucky Investments with additional backing from E2MC, Mana Ventures, and a prominent family office.

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This funding will accelerate XDLINX's mission to revolutionize satellite technology and push the boundaries of space exploration through innovation and cost-effective solutions.

Founded in 2022 in Hyderabad, XDLINX Space Labs began with a bold vision to redefine space missions and make innovative satellite technology accessible to a broader range of clients.

The company's first major milestone came with the successful launch of JANUS-1, a software-defined 6U Nanosat to demonstrate multi-tenancy payload capabilities, developed in a record time of just 10 months and launched aboard ISRO's SSLV-D2 rocket on February 10, 2023 which brought down the cost and time to space significantly, compared to other traditional satellite.