Reliance Industries is reportedly in advanced talks to lead a $50 Mn (around INR 430 Cr) funding round in spacetech startup Digantara. Existing backers, including Peak XV Partners, are also expected to participate in the fundraise.
“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,” a person aware of these discussions was quoted as saying to ET.
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