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Funding galore in spacetech start-ups; $62 mn infused this year
The Morning Standard
|August 29, 2023
FROM just $35 million funds raised between 2010 and 2019, the Indian spacetech sector has already attracted $62 million in funding so far this year, which is a 60% increase as compared to the same period last year.
According to recent insights by Tracxn, India ranks seventh in terms of funding within the international spacetech landscape for the year.
In 2020, the sector secured $28 million in funding and it was $96 million in 2021. In 2022, the sector witnessed an impressive $112 million funding. As per experts, after the launch of Chandrayaan-3 mission, venture capital funding and the number of start-ups in this space might increase in the coming years.
Dit verhaal komt uit de August 29, 2023-editie van The Morning Standard.
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