Reliance in advanced talks to lead $50 million raise in spacetech startup Digantara

Reliance Industries is in advanced discussions to lead a $50 million (around Rs 430 crore) funding round in spacetech startup Digantara Research & Technologies, which is focused on space situational awareness and surveillance, people familiar with the matter told ET. Existing investors, including Peak XV Partners, are also expected to participate in the round.

The funding would mark a significant bet on India’s emerging space surveillance sector that is gaining traction amid increasing global geopolitical tensions and rising defence…