Dhruva Space secures Rs 5 crores in collective funding from Mumbai Angels, Ravikanth Reddy, and others

Date:

Trending

A Hyderabad-based end to end solution provider for building small satellites, Dhurva Space has secured Rs 5 crores in a collective angel round funding from Mumbai Angels, Ravikanth Reddy and other external angels.

Ravikanth Reddy Managing Director of Hotcrete Private ltd., led the new round funding with 37 investors of Mumbai Angels Network from across its chapters.

Dhurva Space, founded by Abhay Eggor, Krishna Teja, and Sanjay Srikanth in 2014, provides end to end solutions from building small satellites, making ground sensors, launching them and monitoring the same through an earth station.

The company has worked with ISRO and European Space Agency (ESA) and has been awarded 50,000 Euros as a grant from the European Space Agency.

Speaking on the new round investment in Dhruva Space, Ravikanth Reddy, MD, Hotcrete private limited, said: “I’m investing in Dhruva Space because of their cutting edge satellite and communications technology and a strong founding team.”

“As space is a sector that will be an integral part of many critical applications in the future. I advise them from time to time to provide relevant contacts to help them grow,” Ravikanth added.

Adding to the statement, Nandini Mansinghka, Co-Promoter, and CEO od Mumbai Angels said, “We are excited about raising the fund for Dhurva Space, as it is the first space tech startup in our portfolio.”

“We see a strong wave in space startups both from the number of companies approaching us for investments and investors keen to invest in this space. We are extremely bullish about participating in this industry-defining near future,” Mansinghka added.

Speaking on the fundraise from MA and Ravikanth Reddy, Sanjay Nekkanti, Co-founder of Dhurva Space, said, “It was a pleasure working with MA towards our first fundraising. The support extended by the entire MA team has been phenomenal and were diligent and thoroughly professional throughout the process.”

“Looking forward to working with them and benefit from their experience,” he added.

THE SNAPSHOTS, IN YOUR INBOX

Get quick snaps of everyday happening, directly in your inbox.

We don’t spam! Read our privacy policy for more info.

Support our independent journalism PayPal (Outside India) For PayU (For Indian Readers).

Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

More Latest Stories

More Articles

Relata’s Hyper-Realism: CEO Samudragupta Talukdar On Personalized Home Buying Experiences

In an exclusive conversation with TechGraph, Samudragupta Talukdar, Founder and CEO of Relata, a real estate technology company, outlined how the company is reshaping...

Godrej Capital’s Gen AI Plan: CTO Jyothirlatha B on SAKSHAM AI and the Future of Financial Services

Speaking to TechGraph, Godrej Capital CTO Jyothirlatha B shared how the company is harnessing GenAI to accelerate credit assessments and enhance customer service. She also discussed the upcoming launch of SAKSHAM AI, a platform designed to streamline operations and boost efficiency across credit management,...

Preparing for a Data-Driven Future: How the GRE Assesses Academic and Analytical Readiness

As sectors such as artificial intelligence (AI) and machine learning continue to grow and...

Exploring the broad appeal of football: from fashion to video games

Football, often called the world's game, goes far beyond the pitch. Its influence extends...

BProTrade: Global Expansion Explained

December 2024 marks a pivotal time in the world of online trading. With Bitcoin...

How Generative AI is Shaping Voicebot Capabilities

The advent of Generative AI is here to revolutionize the technological landscape and reimagine...

‘Historic day for the Middle East’: PM Netanyahu On Syria’s Assad Regime Collapse

Israeli Prime Minister Benjamin Netanyahu, in a video statement released on Sunday, described the...

Decentralizing Cardiac Care: Sunfox Technologies’ Rajat Jain on the Spandan ECG Impact

During an interview with the TechGraph editorial team, Sunfox Technologies' Founder and CEO, Rajat...

Neon54 Casino Review: A Vibrant Gaming Experience

When it comes to striking the perfect balance between entertainment and innovation, Neon54 Casino hits all the right notes. This online casino, licensed by...

Boson Whitewater, Citadines OMR Chennai to Launch First-of-its-Kind Wastewater Recycling System

Boson Whitewater, a water utility company that converts STP-treated water into high-quality potable water,...

Jungle Camps India Limited Sets IPO Price Band at ₹68-₹72 per Share

Jungle Camps India Limited (JCIL), an India-based ecological hospitality service provider on Thursday announced...

Crypto Market Crosses $3.08 Trn, Bitcoin Hits $91,616, Litecoin Drops Below $90

The cryptocurrency market surged to a total valuation of $3.08 trillion on Monday, with...
00:56:42

Plan for Change: UK PM Keir Starmer Outlines Six Point Plans for Housing, NHS, Policing, and More

London, UK — The United Kindom PM and Labour Party leader Keir Starmer on...

Top Trends in Web3 Platforms for Forward-Thinking Entrepreneurs

The digital landscape is evolving rapidly, and Web3 platforms are leading this transformation. For forward-thinking entrepreneurs, staying informed about these technological trends is essential...

Benjamin Netanyahu: Thank You President Donald Trump for Calling Hamas to Release Hostages

Israeli Prime Minister Benjamin Netanyahu on Tuesday expressed his gratitude to U.S. President-Elect Donald Trump for his recent call for Hamas to release hostages. https://open.spotify.com/episode/6xpUQdGpNQUkwHNPXP7WgP?si=ro44gKgxR1yn6qBbj6iXpw "I want to thank President Trump for his strong statement yesterday about the need for Hamas to release the hostages," Netanyahu...

Titan Intech Ltd To Secure Rs 200 Cr via NCDs

Titan Intech Limited, a BSE-listed company specializing in Embedded Manufacturing Services (EMS) for OEM/ODM...

Ensuring Fair Play: AIGF CEO Roland Landers on Promoting Skill-Based Gaming in India

During an interview with TechGraph, Roland Landers, CEO of the All India Gaming Federation...

Discover the Features of Melbet’s Mobile App for Indian Bettors

The Melbet mobile application has been designed to cater to the growing community of...

How AI is Transforming Traditional Business Roles

Artificial Intelligence has already had a significant impact on businesses and has made data-driven...

The Impact of Real-Time Market Data Solutions on Informed Trading Decisions

The world of finance isn’t stagnant; it is dynamic and ever-evolving. Every second, a...

AI and Workplace Equality for Women in the Digital Era

As society heads toward an age dominated by technology, a key question remains: will...

WeVOIS Lab’s Abhinav Vashistha On Shaping the Future of Waste Management with AI

During an interview with TechGraph, Abhinav Vashistha, Co-Founder of WeVOIS Lab, discusses how it...

The Hidden World of Mega888 APK: What Casual Players Are Missing Out On

Mega888 APK is well-known among online casino enthusiasts for its thrilling games and easy-to-navigate...

Indusface Launches CyberShiksha program to Educate Students on Cybersecurity

Indusface, a leading application security provider for SaaS solutions, has launched CyberShiksha, a national...

Crypto Market Crosses $3.08 Trn, Bitcoin Hits $91,616, Litecoin Drops Below $90

The cryptocurrency market surged to a total valuation of $3.08 trillion on Monday, with...

The Evolution of Gaming: From Traditional to Immersive Online Experiences

Gaming has undergone a remarkable transformation over the decades, evolving from basic, tactile forms...

The Role of Health Plans with Preventive Care in Reducing Financial Risk

In an era where healthcare costs are spiraling and chronic conditions are on the...

Best Trading Platforms for Forex: An In-Depth Guide

If you’re looking to dive into forex trading, choosing the right trading firms are...

Unexpected Tips To Help Maintain Your Vehicle’s Condition

When it comes to prolonging the life of your vehicle, the condition of your...
00:56:42

Plan for Change: UK PM Keir Starmer Outlines Six Point Plans for Housing, NHS, Policing, and More

London, UK — The United Kindom PM and Labour Party leader Keir Starmer on...

The Hidden World of Mega888 APK: What Casual Players Are Missing Out On

Mega888 APK is well-known among online casino enthusiasts for its thrilling games and easy-to-navigate...

The Importance of Zero-Trust Security Models in Safeguarding Data

In an age where cyberattacks grow more sophisticated by the day, traditional security models...

Indusface Launches CyberShiksha program to Educate Students on Cybersecurity

Indusface, a leading application security provider for SaaS solutions, has launched CyberShiksha, a national...