India, Dec. 16 -- Bengaluru-based spacetech startup Digantara has raised $50 Mn (about INR 454.4 Cr) in its Series B round to expand its space surveillance capabilities.

The round saw participation from SBI Investments Co Japan, 360 One Asset and entrepreneur Ronnie Screwvala. Existing backers Peak XV Partners and Kalaari Capital also participated in the round.

In a statement, Digantara said that it will use the capital for global expansion beyond India and the US, setting up new manufacturing facilities for optical systems and satellite production, and doubling its R&D teams globally over the coming year.

The startup plans to launch a total of 15 space surveillance satellites over 2026-27. It is also developing two dedicated missile-w...