{"id":51423,"date":"2024-04-22T22:25:57","date_gmt":"2024-04-22T14:25:57","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/dhruva-space-closes-series-a-funding-of-15m\/"},"modified":"2024-04-22T22:25:57","modified_gmt":"2024-04-22T14:25:57","slug":"dhruva-space-closes-series-a-funding-of-15m","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/dhruva-space-closes-series-a-funding-of-15m\/","title":{"rendered":"Dhruva Space Closes Series A Funding of $15M"},"content":{"rendered":"<\/p>\n<p><b>Dhruva Space<\/b>, a&nbsp; space engineering solutions provider based in Hyderabad, India, marked the final close of its Series A funding at 123 Indian crores ($15 million). The funding will go toward the company\u2019s new spacecraft manufacturing facility, business acquisition plans, and product offerings. Dhruva Space announced the end of the funding round on April 22.&nbsp;<\/p>\n<p>Dhruva Space\u2019s Series A investors include the Indian Angel Network Alpha Fund and Blue Ashva Capital, as well as Silverneedle Ventures, BIG Global Investment JSC, IvyCap Ventures, Mumbai Angels, and Blume Founders Fund.&nbsp;<\/p>\n<p>Dhruva Space launched eight payloads in the last two years including the Thybolt satellites mission in November 2022 and the LEAP-TD mission in January 2024. The company plans on delivering customer launches with its P-30 nanosatellite platform and P-90 microsatellite platform.&nbsp;<\/p>\n<p>\u201cThe funding will be instrumental in supporting the industrialization and manufacturing of Dhruva Space\u2019s full-stack products, enabling significant team growth, increased development of capability and infrastructure, and fueling the international expansion of our business,\u201d said \u200dSanjay Nekkanti, CEO and co-founder of Dhruva Space.<\/p>\n<p>With this new financing, Dhruva Space kicks off development with its first phase of building part of its 280,000 square-foot spacecraft manufacturing facility, located in the city Shamshabad in the Indian state of Telangana.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dhruva Space, a&nbsp; space engineering solutions provider based in Hyderabad, India, marked the final close of its Series A funding at 123 Indian crores ($15 million). The funding will go toward the company\u2019s new spacecraft manufacturing facility, business acquisition plans, and product offerings. Dhruva Space announced the end of the funding round on April 22.&nbsp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":51424,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-51423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/51423"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=51423"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/51423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/51424"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=51423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=51423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=51423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}