Tag: Indian space tech

CHENNAI: From raising just around $28 million in investments in 2020, the Indian space tech sector grew investments over four times in 2022 as it closed the year with $112 million of funding. As of August 2023, startups in the sector have raised $62 million, data from research firm Tracxn shows. The sector stands apart from others currently plagued by funding challenges and macroeconomic fluctuations, analysts at Tracxn said, noting that the average deal size in space tech investments climbed from $2.8 million in 2020 to $15 million...