India, April 22 -- Spacetech startup Dhruva Space has marked the final close of its Series A funding round at INR 123 Cr ($15 Mn).

The round comprised two tranches. In the first leg, the company raised INR 45.51 Cr, while in the second leg, it secured INR 78 Cr.

Dhruva Space's Series A fundraise saw participation from a clutch of investors, including Indian Angel Network Alpha Fund, Blue Ashva Capital, Silverneedle Ventures, BIG Global Investment JSC (BITEXCO Group), IvyCap Ventures, Mumbai Angels, and Blume Founders Fund.

The funding includes INR 10 Cr in venture debt from the Small Industries Development Bank of India (SIDBI) and INR 14 Cr in venture debt from the Technology Development Board.

Dhruva Space plans to deploy the fresh ...