# Bengaluru leads the list of top-funded cities in India's space tech sector.

*aerospace · news · 2024-07-29 · THE WEEK*

## Key points

- India's space tech startups raised a record $126 million in 2023, a 235% rise since 2021.
- Early-stage investments dominate India's funding landscape; no late-stage funding has occurred yet.
- Bengaluru-based startups contributed over 55% of India's total space tech startup funding.
- No unicorns have emerged in India's space tech sector, and only one acquisition has occurred to date.
- The 2024 Union Budget allocated Rs 1,000 crore specifically to support space technology startups.

**Companies:** Skyroot Aerospace, Pixxel, Agnikul, MTAR, Ananth Technologies
**Countries:** India, United States, Europe, Germany, Italy, France, UK

[Read the full story on THE WEEK](https://www.theweek.in/news/sci-tech/2024/07/30/indian-space-tech-sector-secures-record-funding-of-dollar126-million.html)

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