In India the number of space start-ups has skyrocketed from just one in 2014 to over 400 today, reflecting the rapid evolution of the country’s private space sector. The growth follows initiatives like the Startup India Initiative (2016), which aimed to foster innovation and streamline funding, regulation, and institutional support for emerging companies.
Prominent players include Pixxel, Dhruva, Skyroot Aerospace, Agnikul Cosmos, and Bellatrix Aerospace, all of which have contributed to India’s rising profile in the global space domain.
Policy Support
The government has rolled out a series of measures to enable space start-ups in India, including:
Indian Space Policy (2023)
Liberated FDI Policy (2024)
Norms, Guidelines and Procedures for Authorization (2024)
IN-SPACe Seed Fund Scheme (2023)
IN-SPACe Pre-incubation Entrepreneurship Program (2024)
Venture Capital Fund of Rs. 1000 Crores (2024)
Technology Adoption Fund of Rs. 500 Crores (2025)
Technology Transfer of Small Satellite Launch Vehicle (SSLV) to HAL (2025)
Earth Observation (EO) Satellite Constellation on PPP model (2026)
These initiatives support upstream, midstream, and downstream space technologies, promoting self-reliance and innovation.
Achievements of Space Start-ups in India
Government records indicate significant accomplishments for space start-ups in India:
Investment in the sector has crossed $500 million.
Two private firms successfully flew sub-orbital launch vehicles in November 2022 and May 2024.
25 payloads are being tested on the PSLV Orbital Experimental Module (POEM).
6 Indian non-governmental entities have launched 18 satellites.
Technology transfer and establishment of EO satellite constellations are boosting capabilities and global confidence.
Companies are increasingly integrating into global aerospace and space supply chains.
State governments are proactively incentivising the sector through supportive policies.
Future Outlook for Space Start-ups in India
With enhanced government schemes, growing private investment, and active participation in satellite and launch vehicle testing, space start-ups in India are poised to expand their role in both domestic and global space ecosystems.
Dr. Jitendra Singh, Minister of State for Personnel, Public Grievances & Pensions and PMO, highlighted these achievements in a written reply to the Lok Sabha, emphasising the government’s commitment to fostering innovation, self-reliance, and a robust space start-up ecosystem in India.