Dhruva Space raises ₹69 crore for Hyderabad spacecraft facility

Dhruva Space raises ₹69 crore for Hyderabad spacecraft facility

Space-tech startup Dhruva Space has raised over ₹69 crore in its latest funding round, comprising a mix of equity and debt financing. Investors Alpha Fund and Technology Development Board, along with existing supporters, contributed to funding. CEO Sanjay Nekkanti announced plans to utilise the funds for initiating the development of a large-scale spacecraft manufacturing facility in Hyderabad.