Potential Investment

Opportunities

Sourced By:
Vidhi Sharma
Contents:
1. Spacetech Page
1.1 EtherealX 3
1.2 InspeCity 4
1.3 Space Zone India 5
1.4 Equatorial Space 6
1.5 Space Philic 7
1.6 Abyom Spacetech 7
1.7 Space fields 8
1.8 Visva 8
1.9 Miscellaneous 9

2. Satellite Data Intelligence

2.1 Arms4AI 11
2.2 Kawa Space 12
2.3 Bluesky analytics 13

3. Quantum Computing- Hardware

3.1 Quanfluence 15
3.2 Qpi semi 16
3.3 Quantum Shift 17

4. Generative AI For Brands

4.1 Ayna 19
4.2 Neuropixel AI 20
4.3 Predis AI 21

5. Sources 22

1
Spacetech

2
Description EtherealX is designing, developing, and building next-generation reusable launch
vehicles and spacecraft, aiming to become the most economical space launch provider
by 2027, reducing costs to $350/kg with the least turnaround time for relaunch to
maximise launch on demand, and plans to make 25 launches and deploy over 500
tonnes into orbit over the next decade.

Product 1. Razor Crest Mk-1: World's first fully-reusable vertical landing medium-lift launch
vehicle yet.
Maximum Payload Capacity:
24.8 Tonnes to LEO
10.8 Tonnes to GTO
6.8 Tonnes TLI

2. EtheralX Stallion: 9 (Semi-cryogenic) of the most powerful operational liquid

rocket engines in all of Asia, Europe, Australia, Africa, South America, and
Antarctica. single Stallion engine will be capable of producing an enormous 925
kilonewtons of thrust
Propellent: RP1/LOX
Feed Cycle: Gas generator
Isp (sea level): ~275s-295s
Isp (Vacuum): ~313s-330s

Timing Existing space payload delivery players like SpaceX are booked till 2025. This opens
the gap in the market to address demand in a cost-effective way

Team Manu J Nair (CEO) | B. Tech. in Mechanical Engineering from BML Munjal University
Ex- Researcher at ISRO; Ex- MANASTU Aerospace (Business & /strategy); Astronaut
graduate with IIAS; Hult prize finalist, only Indian to be invited for NASTAR orbital space
flight training program

Shubhayu S (COO) | B. Tech. from Indian Institute is Space Technology (IIST)

Ex-ISRO (internship); Ex- Satish Dhawan space centre (6 years); one of the 23
scientists to work at the human space flight centre for the initiation of the GAGANYAAN

Prashanth Sharma (CTO) | B. Tech. in Aerospace, Aeronautical & Astronautical Engg.,

UPES
3 years of experience as a propulsion engineer at - Aero2Aero, Manastu, LPRD
rocketry).- Only Indian to have launched a rocket (single stage semi cryogenic engine)
beyond the Karman line (Project with Minnesota University)

Previous Fund Pre-seed: 2.8Cr (INR)

raise Valuation (Post money): 20 Cr (INR)
Investors: Campus Fund, Blue Hill Capital, Riceberg Ventures

3
Description Inspecity is dedicated to developing autonomous robotic platforms and green
propulsion systems for reliable satellite servicing and sustainable in-space
operations. The ultimate goal is to build space cities, to alleviate resource conflicts
on Earth.

Product 1. VEDA: Vehicle for life-Extension and Deorbiting Activities

2. Mini-me RIG: Robotic insert for satellite guidance

Team Arindrajit Chowdhary (Co-founder) | PhD from Penn university, [Link] from IIT
Kharagpur
Professor at IIT Bombay

Dr. Tausif Shaikh (Co-founder) | PhD and [Link] from IIT Bombay
Ex- Professor at AP Shah Institute of Technology Research; Ex- Research
Associate at IIT Bombay

Previous Fund raise Seed: $1.5M

Valuation (Post money): $4.84M
Investors: Antler, Veda VC, Speciale invest, Anicut Capital, DeVC, PointOneCapital

4
Description Space Zone is the Manufacturer of reusable hybrid rockets (demonstrator) with cube
satellite, hybrid propulsion systems and small satellite launchers. They have also
designed and developed their own ground supporting equipments for rocket re
launches, creating portable launch systems that can

Product In February 2023, Space Zone India made history by launching India’s first hybrid
rocket with 150 pico satellites witnessed by ISRO scientists Padma Shri Mylswamy
Annadurai(Moon man of India), Deputy Director Ranganathan from Sriharikota, ISRO
scientists and scientists from Atomic research centre at Kalpakkam. The company
has developed various rockets like RHUMI-1 (Hybrid mobile rocket with 3 cuve
satellites), RHUMI-2 and RHUMI-3 each tailored for altitudes 1 to 500 km.
Source

Team Anand Megalingam | [Link] in Aerospace, Aeronautical & Astronautical Engg, from
Bharath Institute of science and technology

One of Anand Megalingam’s most remarkable contributions to aerospace technology

is the design of the lowest-cost and lightest FEMTO satellite, weighing less than 50
gram
His groundbreaking work earned Space Zone India a coveted place in the Guinness
World Records for the online lecture series on launching 100 FEMTO satellites using
a high-altitude scientific balloon
The Prime Minister’s Office of India recognized his contribution to revolutionising
aerospace education, acknowledging the transformative impact of Space Zone India’s
initiatives. Additionally, he was honoured with the Young Scientist award by the
Honourable Chief Minister of Puducherry, further cementing his status as a leader in
the field.

Previous Fund raise/ Memorandum of Understanding (MoU) with EduTech4Space, a Dubai-based

Recognition aerospace company (Source).

5
Description Equatorial space (Singapore) is the Developer of small launch
rockets. It provides users with launching systems for small payloads,
such as nano- and cube-satellites. Its features include low altitude
orbits, an optimisation platform for the Guidance, Navigation and
Control system, hybrid propulsion, small payload delivery, non-toxic
oxidiser and non-explosive solid fuel, mass-produced composite
structures, COTS avionics, GNSS sensors and triple-redundant flight
processors.

Product 1. VOLANS : VOLANS is a family of modular, low cost space

launch vehicles designed for capacities between 60 to 500 kg
to Low Earth Orbit. VOLANS is the first, 100%
pyrotechnics-and-explosives-free launcher

2. DORADO: DORADO is a responsive launcher designed to

deliver small payloads into suborbital trajectory.
DORADO is designed to be 100% explosives-free, and ships
fully inert for easy deployment to any range in the world.
DORADO is the greenest sounding rocket in the World -
eliminating toxic effluents, and producing remarkably little
carbon compounds and greenhouse gases

3. SPARK: The Student Payload Academic Rocket Kit (SPARK)

is the first commercially developed rocket kit with payload
support for student training missions. SPARK allows
students to simulate the full mission cycle of a space
experiment - from requirements identification through design
and test and all the way to the launch. Equipped with a
generic-fuel-based hybrid motor and electrically triggered
parachute deployer, SPARK is 100% pyrotechnic-free. SPARK
has been previously flown in India and the United States.

Team Simon Gwozdz (CEO) | BS, Project & Facility Management, National
University of Singapore (NUS)

Praveen G Perumal (COO) | Bachelor’s Degree in Materials Science

from National University of Singapore (NUS)

Previous Fund Seed: $1.5 M

Raise Investors: Elev8, Seeds Capital, Techstars, Masik enterprises

6
Description Space Philic Private Limited designs, manufactures, and launches reusable launch
vehicles with a focus on sustainability and affordability, targeting Sustainable
Development Goals in space technology. Innovates customer-centric solutions using
green propellant technology to minimise risk and cost in satellite launches.

Team Indra Narayan Chaudhary (Founder) | [Link] in Aerospace, Aeronautical &

Astronautical Engg, APJ Abdul Kalam Technical University
Ex- R&D at Space Development Nexus (Published a research paper on Energetic
Green Propellant for Upper Stage)

Previous Fund raise IIT Kanpur Incubation Cell

Abyom spacetech
Description Abyom Spacetech is India's first private space tech company developing reusable
large payload launch vehicles with re-ignitable and throttleable cryogenic rocket
engines, featuring mobile testing facilities and solutions for space debris.

Product 1. Mobile rocket engineer testing facility (Testing facility on wheels)

2. Reusable sounding rocket- Expected to launch by September 2025
3. Small reusable launch vehicles- Expected to launch by November 2026
having payload up to 1500 kg and into sun-synchronous orbit (SSO) up to 550
kg, with cost efficient and quicker launch time.
4. Medium reusable launch vehicle- Expected to launch in July 2028. SRLV
helps Space Tech companies for launching their satellites into the low earth
orbit (LEO) having payload up to 14000 kg, into sun-synchronous orbit (SSO)
up to 10300 kg and into geostationary transfer orbit (GTO) up to 2250 kg.

Team Jainul Abedin (CEO) | MS in Physics, Deendayal Upadhyay University, Gorakhpur

Pranchan Gupta (COO) | [Link] in aerospace Engineering from Hindustan Institute

of Technology and Science, Kancheepuram

Previous Fund raise Incubated at PIEDS( Pilani Innovation & entrepreneurship Development Society)
Recognition by ISRO: Permissions for Space Activities and Access to ISRO facilities
for next launch.
Collaboration with Wadhwani foundation
Recognition from CM-Yogi Adityanath for being the first startup in spacetech from UP

7
Description Spacefields designs and manufactures next-generation solid rocket propulsion
systems for commercial spaceflight and national security, serving the aviation,
defence, and space transportation markets. Their custom solutions enable more
frequent, affordable, and rapid launches for various critical applications.

Team Sudarshan Samal (CTO) | [Link] from Veer Surendra Sai University of Technology
Ex- ISRO (internship); Ex- L&T (System Engineer)

Rounak Agrawal (COO) | [Link] from Veer Surendra Sai University of Technology
Ex- Accenture (Software Engineer); Ex- ISRO (internship)

Apurwa Masook (CEO) | [Link] & [Link] from Veer Surendra Sai University of
Technology
Ex- ISRO (internship); Ex- Tresvista (Operations Analyst)

Previous Fund raise Seed: $800k

Valuation (Post money): No info
Investors: Hvb 88 Angels, O2 Angels Network, Burla Angels, SiriusOne, Angel
Scions, [Link], Nepra

Description Vrisva is dedicated to developing scalable Single Stage to Orbit (SSTO) spacecraft
and small payload satellites for transporting people and cargo across the solar
system. They offer engineering solutions, product design, and problem-solving
expertise to advance reusable SSTO technology.

Product 1. PMP200 Precision motion platform: This advanced hexapod is designed

for versatility and reliability and offers precise motion control for various
applications.
2. Compressor: Triple Metal Diaphragm Compressor for High-Purity Gas
Applications. Maximum Discharge Pressure: 40 bar / 580 PSI, enabling
high-pressure applications with ease. Flow Rate: 350 litres per minute,
ensuring quick and efficient gas compression

Team Harshitha Reddy (Co-founder) | B.E. Civil Engineering from B.M.S College (2011)
Ex- RSP Design consultant’s; Ex- Embassy Industrial Parks

Vivek Reddy (Co-founder) | Masters from University of Pennsylvania

Co-founder at Viga Entertainment; ex- Virtual production developer of the Lion King
(2019); ex- VR/AR Technical director at Prologue films

Previous Fund raise Nidhi Prayas grant (INR 9 Lakhs), incubated at PIEDS( Pilani Innovation &
entrepreneurship Development Society)

8
Some other Startups which might be operating in stealth mode but information available
about them is insufficient to build conviction:

1. ToSpace: An Aerospace Firm dedicated to the Research and Development of

PocketQube Satellite Launch Aggregators focused on promoting STEM subjects in India.

2. Spacim: ​Through the use of additive manufacturing, they are developing the semi-cryo
rocket engine "RUDRAM" (Founder profile not strong)

3. Valles Marineris: Multiple projects

4. Agnihotri aerospace: Vertical take-off and Vertical landing (VTVL) with a payload of about
100kg Our sounding rockets are capable of a soft landing in the desired location. Easy and
affordable launch vehicle for suborbital missions

5. Urvyam: Urvyam is an Aerospace startup with core focus on doing Research and
Development in the field of Aerospace and allied technology. Presently building the next
generation Space Engine, a low cost- high efficiency, robust and reusable propulsion system
for launching satellites into Orbit.

9
Satellite Data
Intelligence

10
Description ARMS 4 AI is a space technology startup with a mission to transform
data into actionable insights. It specialises in crafting customised
artificial intelligence (AI) solutions using geospatial technologies. By
combining various Earth observation techniques, ARMS 4 AI develops
cutting-edge tools that bridge the gap between data and informed
decision-making.

They consider themselves GEO-AI Innovators, and their expertise

extends across multiple industries. ARMS 4 AI offers advanced
Geo-AI platforms for sectors like agriculture, environment,
infrastructure, and even national defence.

Product Agro AI
Agro AI is ARMS 4 AI's revolutionary Geo-AI platform designed
specifically for the agriculture industry. It empowers farmers with the
power of data analytics to make informed decisions and achieve
sustainable growth. It has key features like Disease Detection, Yield
Prediction, Precise Crop Monitoring
Infra AI
Infra AI is ARMS 4 AI's Geo-AI platform designed to revolutionise
infrastructure development and management. This powerful toolset
empowers cities and organisations to make data-driven decisions,
leading to safer, more efficient urban environments, with key features
like better urban planning, predictive maintenance, Asset Monitoring

Team Jagriti Dabas (CEO) | Phd in Bioenergy and Geospatial Technology

from Teri School of Advanced studies

Siddham (COO) | Teri University

Previous Fund Grant : 2 crore

Raise From: Startup India, IN-SPACe seed fund (ISRO), STPI Grant (Ministry
of Electronics and Information Technology), We HUB (Govt. Of
Telangana initiative)

Seed Fund: No information

Investors: Pontaq

MOU with Zila Parishad, Thane, DCM Shriram

11
Description Kawa space is a provider of satellite-based geospatial insights. It
offers software and infrastructure for space, with an API-integrated
intelligence platform that provides geospatial insights. It provides
information on rainfall, population density, 3D surface area, and
demographics. It caters to multiple sectors like travel, real estate,
and on-demand service providers

Product Maritime Domain Awareness

This maritime surveillance system tracks vessels globally, combining
S & X band scans with AIS data to identify even hidden ships. AI
locates and monitors these "dark vessels." Its powerful software lets
you investigate any vessel of interest in detail.
RF GEOINT as a service.
Their constellation of 18 satellites continuously gathers radio signals
up to 18 GHz. Using advanced techniques, they pinpoint the location
of these signals and deliver the data (longitude, latitude, time,
emitter details) in JSON format via API or their Kawa Studio
platform.
They also offer SIGINT (Signal Intelligence) and ELINT (Electronic
Intelligence) as a service

Team Kris Nair (CEO) | Indian Military Academy

Ex-Founder & CEO Exseed Space, The fusedcow Project.

Previous Fund Seed: $1.2 Million (Seed Round)

Raise Valuation (post money): $10.5M
Investors: Angel list, Speciale invest, Vijay Shekhar Sharma (Among
51 investors)

12
Description Bluesky Analytics is Provider of geospatial data intelligence. It uses
satellite data for environmental monitoring. It helps in monitoring
and measuring physical climate risks of various assets, calculating
climate VaR and stress testing for various warming scenarios.

Product 1. Water Quantification

2. Spatial Air quality
3. Greenhouse gas emissions from fires
4. Power plant emissions
5. Fire predictions
6. Air Quality from BAMs (Beta Attenuated Monitors)
7. Carbon Sequestration
8. Surface water quality
9. Landfill quantification
10. Electrification
11. Ground water potential

Team Abhilasha Purwar (CEO) | Master of Environmental management,

Business and Environment, Yale University; [Link], IIT BHU

Chandru Badrinarayanan (COO) | INSEAD

Ex- CIRISIL, ECube Investment Advisors.

Kshitij (KP) Purwar (CTO) | [Link] in Electrical and Electronics

Engineering from Gautam Buddha University

Previous Fund Seed: $1.3 M

Raise Valuation (Post money): $6.21 M
Investors: Beenext, Stanford Angels & Entrepreneurs,
Paula Mariwala, Anshuman Bapna, Elizabeth Lucy Chapman,
Priyamvada Sharma, Maria Nigam

13
 Quantum
Computing-
Hardware

14
Description Quanfluence is making a scalable, fault tolerant quantum computer-
powered by photonics.

Product 1. Balanced Homodyne detector: Used for optical homodyne

measurement at several frequencies.
2. Photonic Quantum Computer
3. Optical Ising machine: Using PICs for Qubo solving and their
annealing and ML applications

Team Ravi Mehta (Co-founder) | B.E from COEP Technical University

Ex- Texas instruments; Ex- Silicon & Beyond, Ex- Synopsis;
Experienced in advanced semiconductor product design for high
speed communications, in particular ultra high speed optical and
electrical interfaces

Aditi Vaidya (Co-founder) | B.E. from Cummins Engineering College,

Pune University
Ex- Airtight networks, Ex- Arista Network

Previous Fund None

Raise

15
Description QpiSemi leverages semiconductor fabrication, photonic integration,
and quantum computing to create advanced, secure hardware and
niche application products

Product 1. Cryo-Electronics: Cryo-electronics are CMOS-based components

and circuits designed to operate efficiently under cryogenic
conditions, providing high performance and low noise for specialised
applications.
2. Prakarah: Prakarah is a Classical-Quantum secure Data Center
CPU designed to withstand security threats in the Quantum era,
ensuring the highest level of data centre security.
3. AI 2.0 Processors: AI 2.0 processors use silicon photonics to
deliver exceptional speed and efficiency for AI applications, including
bioinformatics, drug discovery, AI modelling, and optimization.
4. QpiSemi Edge CPU: QpiSemi Edge CPUs, based on ARM and
RISC-V architecture, provide high-performance computing for IoT,
Edge computing, industrial, automotive, defence, and security
applications.

Team Dr. Nagendra Nagaraja | Ph.D. - Coventry University, UK

Ph.D. in Wireless, ML, AI; M.S. in ECE; 20+ years in semiconductor
electronics, wireless systems, AI; 25+ granted patents.

Dr. Manjunath RV | Ph.D. - TU Delft, The Netherlands

Ph.D. and M.S. in Microelectronics; 7+ years in CMOS and MEMS; 4
patents, 7 publications.

Previous Fund None

Raise

16
Description Quantum shift is a Provider of AI-based quantum cybersecurity
solutions for communication. It provides users with
quantum-enabled communication services, quantum-enhanced
machine learning and algorithmic solutions, and a comprehensive
quantum ecosystem for clients in domains such as defence, finance,
healthcare, energy, research, and innovation.

Product Semiconductor designing, Quantum communication, Quantum

enhanced AI & ML, Quantum sensing

Team Sonkar U (Co-founder & CEO) | Delhi Unversity, University of Mumbai

G20 India Delegate 2023-24 & 25-26 Brazil (Startup20, Business20),
ExSCO & BRICS Delegate

Previous Fund None

Raise

17
Generative AI
For Brands

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Description Ayna is a platform offering AI-based catalogue management
solutions for fashion businesses. The company offers a platform for
apparel brands to create professional photoshoots using AI
technology. It helps users to upload reference photos of products,
select custom AI models, and generate images with various themes
and backgrounds.

Product Whether on a mannequin, flat lay, or even yourself. Ayna's AI then

crafts it into a sleek professional shoot, showcasing a virtual model
of your desired ethnicity and size.

Team Yash Bansal (Co-founder) | [Link] from IIT Delhi (2018)

Ex- Zomato, Goldman Sachs

Aastha Rajpal (Co-founder) | [Link], Delhi College of Engineering

(2017)
Ex- Oyo, Razorpay

Previous Fund Seed: $1.5 M

Raise Investors: Inflexor Ventures, Jabong founder Praveen Sinha and
Credgenics cofounder Mayank Khera

Clients: Reliance Retail's Clovia, Wakefit, and WomanLikeU

19
Description Neuropixel AI is Provider of product cataloguing solutions for online
businesses. The company offers AI-driven automated apparel
cataloguing for businesses. It offers solutions like AI-based
cataloguing, synthetic model generation, and virtual try-on. The
company uses an algorithm to shoot various apparel on a
mannequin, and generate catalogue images with the apparel worn by
models.

Product 1. A7 Blitz: Banners, Ads with interaction

2. A5 Lift: Editorials across catalogue (standing)
3. A4 MSWAP: Swap out the model
4. A2 BSWAP: Swap out the background
5. A1 QUIN: Mannequin to model
6. A0 [Link]: A virtual brand ambassador

Team Arvind Renugopal Nair (Co-founder & CEO) | MBA from ISB, [Link]
from University of Nottingham
Ex- Myntra, Ex- Cofounder (Trizzio)

Amritendu Mukherjee (Co-founder) | PhD from IISC Bangalore; MBA

from IIT Kharagpur
Ex- Senior Consultant at PwC, Intel

Previous Fund Seed: $1.22 M

Raise Valuation (Post money): $5.8 M
Investors: Flipkart, Dexter Angels, Huddle Ventures and many other
Angel investors

Incubated at I-Venture, ISB

20
 Description Predis ai is a social media co-pilot that generates posts, videos, reels
etc. based on any textual input. Along with other services for Social
media management

Product 1. For creators and coaches

2. For agencies
3. For E-Commerce stores

[Link]

Team Aakash Kerawat (Co-founder) | Industrial Engineering from IIT

Roorkee
Ex- Tookitaki

Akshay Karangale (Co-founder) | [Link] in production and industrial

engineering
Ex- Flynava Technologies; Ex- Tookitaki

Tanmay Ratnaparkhe (Co-founder) | CS from SavitriBai Phule

University

Previous Fund Seed: $1.54K

Raise Valuation (Post money): $1.75 M
Investors: Utpl corporate trustees, First Cheque VC and a number of
Angel investors

A startup working in stealth mode, leveraging AL & ML for fashion e-commerce space :
[Link]
79840-DMB3?utm_source=share&utm_medium=member_desktop

21
Sources:
● LinkedIn
● Yourstory media
● Inc42
● Economic times
● Tracxn
● Crunchbase

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