India's private spacetech sector has attracted $871 million in funding across 285 startups, with investment accelerating following Skyroot Aerospace's successful orbital launch, according to startup intelligence platform Tracxn.
Skyroot's milestone launch
On July 18, Skyroot Aerospace's Vikram-1 rocket successfully lifted off from Sriharikota, reached a 450-km orbit and deployed four payloads, becoming the first privately developed Indian rocket to complete an orbital mission.
According to Tracxn, Skyroot has raised $150 million to date, the highest among Indian spacetech startups, followed by Pixxel, Agnikul and Digantara.
Vikas Choudhury, Founding Partner at Playbook Partners, said India's spacetech ecosystem has largely attracted early-stage investments, with Skyroot's successful mission demonstrating that domestic startups can build and operate advanced space hardware.
He attributed the sector's growth to the opening of India's space industry to private players in 2020, access to ISRO infrastructure through IN-SPACe, and expanding commercial opportunities across satellites, defence, manufacturing and data services.
Tracxn data shows funding in the sector increased from $43 million in 2021 to over $200 million in 2025. So far this year, Indian spacetech startups have raised $113 million across 24 funding rounds.
Industry estimates project India's space economy to grow from about $8 billion currently to $44 billion by 2033. Analysts say Skyroot's orbital mission marks an important milestone for the country's private space sector and could strengthen investor confidence in future spacetech ventures.