Technology
Indian space startups eye $100m revenue by 2029
Livemint··28 Sept
Digantara CEO Anirudh Sharma said its military-grade space map project targets $30 million annual operating revenue by end-FY27 and $100 million by end-2029. Top Bengaluru startups Digantara, Pixxel and GalaxEye are expanding abroad as New Delhi shifts from a decades-old Isro state monopoly toward a NASA-style model that leaves manufacturing and commercialization to private industry.
Prism
What It Means For You
- Pixxel won a Rs 1,200-crore In-Space contract last August to build surveillance satellites by 2029.
- GalaxEye received Rs 63.84 crore Thursday from the government's Research Development and Innovation fund.
- Sharma said foreign clients often require local joint ventures in markets such as Thailand and Singapore.
What's Happening
- Digantara is backed by Reliance Industries, SBI Ventures and Peak XV.
- GalaxEye CEO Suyash Singh said the firm aims for $100 million annual recurring revenue by 2029 despite losing contact with its Drishti satellite on July 7.
- Isro is expected to launch an SBS-3 constellation of 52 satellites by 2029.
How We Got Here
- India signed US Artemis Accords and partners with Japan, Australia and others on space promotion.
- Government-operated surveillance networks serve India while private firms pursue export contracts.
- Singh said surveillance needs denser constellations for consistent regional coverage.
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