In a significant decision which could provide a major boost to Indias growing spacetech industry Mukesh Ambani-led Reliance Industries is mulling to invest $50 million (about Rs 430 crore) in Digantara Research & Technologies a Bengaluru-based spacetech startup which is developing technology that can track objects in the Earths orbit. How much is Mukesh Ambani Reliance Industries investing? According to a report by The Economic Times Reliance Industries Indias most valued domestic firm led by billionaire Mukesh Ambani is in advanced discussions to lead a Rs 430 crore funding round in Digantara along with existing investors like Peak XV Partners. Reliance has evaluated multiple startups in the spacetech segment. It is looking at companies building novel solutions in the sector. Its talks with Digantara are at an advanced stage” the report quoted a source familiar with the matter as saying. What does Digintara do? Co-founded by Anirudh Sharma (CEO) Rahul Rawat (COO) and Tanveer Ahmed (CTO) Digintara is a spacetech startup based in Bengaluru working on the development of technologies which can track bjects in Earth’s orbit. Earlier in March Digintara launched a satellite capable of tracking debris as small as 5 cm and is currently providing services to defence agencies in both India and the United States as per the report. According to the report Digintara plans to deploy a constellation of about a dozen surveillance satellites by the end of 2026. The company has launched three satellites so far one of which is part of the proposed satellite constellation. A major chunk of the upcoming funding round will be dedicated in developing and launching these satellites. Given the volatility in global geopolitics every country is focused on having its own indigenous sovereign solutions that can be controlled in times of crisis. That’s where the opportunity lies for startups like Digantara” the report quoted a source as saying. The company established a manufacturing and operations facility in the US in February 2024 and expects to earn a revenue of $25–30 million (Rs 220–260 crore) from its US operation in the next 2-3 years.