Dhruva Space, a space engineering solutions provider based in Hyderabad, has closed Series A funding of Rs 123 crore. The investment will support their spacecraft manufacturing facility, business acquisitions, and product enhancements for global deployment.
Investors include Indian Angel Network Alpha Fund, Blue Ashva Capital, Silverneedle Ventures, and others. This funding will aid in scaling up operations and developing their spacecraft manufacturing facility in Telangana.