Inspecity Raises ₹100 Cr for Space Missions
Inspecity, a Thane-based startup founded in 2022, has raised ₹100 Cr in pre-Series A funding to deploy four in-orbit missions and advance its in-space servicing technologies.
Inspecity has raised ₹100 Cr in its pre-Series A funding round, co-led by veteran investor Ashish Kacholia and Speciale Invest, with participation from Antler India, Shastra VC, and other existing backers and angel investors.
The Thane-based startup plans to deploy the capital to fund four in-orbit missions over the next 12-18 months, expand its team, and push its in-space servicing technologies toward commercial deployment.
Founded in 2022 by Arindrajit Chowdhury and Tausif Shaikh, Inspecity is building in-orbit satellite servicing and deorbiting solutions, with a product stack that includes GITA for spacecraft propulsion, CHAKSU for sensing and proximity operations, RAMA for robotic manipulation, and SPARSH for cooperative docking and in-orbit propellant transfer.
The funding round comes as India’s space economy sees rapid growth, driven by policy reforms, cost arbitrage, rising patient capital, and high-quality engineering talent, with investor interest rising accordingly.
Inspecity has completed functional and environmental testing of its propulsion system and received clearances from ISRO labs, enabling integration with satellites for flight.
The four missions will demonstrate capabilities in rendezvous and proximity operations (RPO), propulsion, and robotics, with some involving a single satellite and others requiring deployment of both a target and a chaser satellite.
The startup previously raised $5.6 Mn in its seed round last year, also led by Kacholia, and aims to focus on government-backed R&D projects, upcoming space missions, and productionisation of its propulsion systems.
The Indian spacetech sector has seen notable activity this year, including 360 ONE Asset launching a ₹1,000 Cr multi-stage defence and space strategy fund in January, Skyroot Aerospace becoming India’s first spacetech unicorn after raising $60 Mn in May, GalaxEye securing ₹44.2 Cr in its extended Series A round in April, and Bellatrix Aerospace raising $20 Mn in its Pre-Series B round led by Cactus Partners.
The homegrown space economy is projected to become a $44 Bn opportunity by 2033.
Funding and Mission Timeline
| Round | Amount | Lead Investors | Date |
|---|---|---|---|
| Seed | $5.6 Mn | Ashish Kacholia | Last year |
| Pre-Series A | ₹100 Cr | Ashish Kacholia, Speciale Invest | This round |
Technology and Capabilities
Inspecity’s in-space servicing stack includes GITA for propulsion and mobility, CHAKSU for sensing and proximity operations, RAMA for robotic manipulation, and SPARSH for cooperative docking and in-orbit propellant transfer.
The company has completed functional and environmental testing of its propulsion system and received clearances from ISRO labs, allowing integration with satellites for flight.
The four missions will demonstrate capabilities in rendezvous and proximity operations (RPO), propulsion, and robotics, with some involving a single satellite and others requiring deployment of both a target and a chaser satellite.
Sector Context and Growth
The latest funding round comes as India’s space economy sees rapid growth, driven by policy reforms, cost arbitrage, rising patient capital, and high-quality engineering talent, with investor interest rising accordingly.
Notable sector activity this year includes 360 ONE Asset launching a ₹1,000 Cr multi-stage defence and space strategy fund in January, Skyroot Aerospace becoming India’s first spacetech unicorn after raising $60 Mn in May, GalaxEye securing ₹44.2 Cr in its extended Series A round in April, and Bellatrix Aerospace raising $20 Mn in its Pre-Series B round led by Cactus Partners.
The homegrown space economy is projected to become a $44 Bn opportunity by 2033.
Founding and Focus
Founded in 2022 by Arindrajit Chowdhury and Tausif Shaikh, Inspecity initially focused on building large structures in space but narrowed its immediate focus to technologies enabling autonomous construction and satellite servicing in orbit.
Cofounder Arindrajit Chowdhury said the startup will focus on three key areas: government-backed R&D projects, upcoming space missions, and productionisation of its propulsion systems.
Inspecity aims to prove it can service, move, and de-orbit satellites in orbit - a capability that could be critical as India’s satellite fleet and space activities grow.
