"JIO" Moment for Space Tech Startups ??

?? Learning Venture Capital & Startup Concept Series (Part 6)

Super helpful to all the current & future Entrepreneurs + Finance/ Startup Enthusiasts !! ??

Let's learn about the Indian Space Tech sector !!

Generally, space tech startups develop launch vehicles, satellites, propulsion engines, remote sensors, etc.

And also works in ground stations and Telemetry, Applications in other sectors like Insurance, Agriculture, etc.

?? Indian space tech sector is showing great recent growth as -

1- Funding in this sector jumped 200% in 2021 to $67M than $22.5M in 2020.

2- The number of startups increased from 11 in 2019 to 47 in 2021.

Does the Space Tech sector "Jio Moment " finally arrived ??

?? Many people believe "YES" because of -

1- Exponentially decreasing launch costs through SpaceX, ISRO, NASA, etc.

2- Hardware Miniaturization leading to smaller and low-cost satellites. ???

3- Strong, growing talent pool in India mainly because of the great works & sacrifices of ISRO scientists.

4- Government support as the government has opened up the private sector to do great innovation with public ones through the ISpA initiative.

?? Top Indian startups in this sector -

1-?Skyroot Aerospace

2-?AgniKul Cosmos

3-?Pixxel

4- Dhruva Space

5- Bellatrix Aerospace

6- Astrogate Labs

7- Kawa Space

and many more.

Do comment below ?? if you liked this post & which trends I missed in this post.

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