Dhruva Space is raising a significant ₹51.76 crore ($6 million) in its pre-Series B funding round, marking another milestone in India’s rapidly expanding space-tech ecosystem. The round is being led by AVCF1 (Aditum Venture Capital Fund), with participation from 33 additional investors, underscoring strong market confidence in the Hyderabad-based company’s vision and capabilities. According to regulatory filings, the board has approved issuing 1 equity share and 553 pre-Series B preference shares at ₹9,34,429 each as part of the planned fundraise.

AVCF1 is set to contribute ₹26.16 crore, while Aranya Holding Ventures LLP will invest ₹10 crore. The remaining capital is expected from Hyderabad Angel Fund, AR Enterprises, Ativira Technologies, and a wide network of angel investors. Entrackr estimates Dhruva Space’s post-money valuation to reach approximately $215 million upon completion of this round.

With this raise, Dhruva Space’s total funding will exceed $22 million, including its earlier $15 million Series A backed by leading investors such as Indian Angel Network Alpha Fund, Blue Ashva Capital, Silverneedle Ventures, BITEXCO Group, IvyCap Ventures, Mumbai Angels, and the Blume Founders Fund.

Founded by Sanjay Nekkanti and Chaitanya Dora, Dhruva Space has launched eight payloads in the last two years, including the Thybolt satellites and the LEAP-TD mission. With offerings across satellites, launch services, and ground infrastructure, the company continues to propel India’s global space-tech ambitions.