Spacetech startup InspeCity has raised ₹100 crore (around $10.4 million) in a pre-Series A funding round co-led by investor Ashish Kacholia and Speciale Invest, the company announced. The round also included participation from Antler India, Shastra VC, and existing backers. The Thane-based startup plans to use the funds to support four in-orbit missions over the next 12 to 18 months and advance its in-space servicing technologies toward commercial deployment, according to inc42.com.
InspeCity cofounder Arindrajit Chowdhury told inc42.com that the startup will focus on government-backed R&D projects, upcoming space missions, and productionisation of its propulsion systems. The planned missions will showcase the company’s capabilities in rendezvous and proximity operations, propulsion, and robotics. Some missions will involve a single satellite, while others will deploy both a target and a chaser satellite. The startup has completed functional and environmental testing of its propulsion system and received clearances from ISRO labs, enabling integration with satellites for flight.
The funding round highlights growing investor interest in India’s spacetech sector, which is expanding rapidly with government support and private innovation. InspeCity’s focus on in-orbit servicing technologies aligns with global trends where satellite servicing and debris management are emerging markets. The ₹100 crore raise places InspeCity among a select group of Indian startups advancing complex space technologies, complementing other recent investments in the sector by venture funds like Antler India and Shastra VC.
InspeCity was founded in 2022 by Arindrajit Chowdhury and Taus and plans to expand its team as it prepares for its upcoming missions. The company’s next steps include integrating its propulsion system with satellites and executing the four planned in-orbit missions within the next 12 to 18 months, according to inc42.com.