Spacetech Startup InspeCity Raises $5.6 Mn in Seed Funding Led by Lucky Investment Managers

InspeCity Secures $5.6 Mn in Seed Round to Advance In-Orbit Satellite Servicing

InspeCity, a cutting-edge Indian spacetech startup, has raised $5.6 million (approximately INR 47.28 crore) in a seed funding round aimed at accelerating its mission to build infrastructure for in-orbit satellite servicing and deorbiting solutions. The round was led by veteran investor Ashish Kacholia’s Lucky Investment Managers, marking a strong vote of confidence in India’s growing private space sector.

The funding round also saw participation from an impressive consortium of investors, including Speciale Invest, MountTech Growth Fund (MGF) Kavachh, Shastra VC, as well as existing backers like Antler India, DeVC India, and Anicut Capital. This diverse backing highlights the increasing investor interest in enabling technologies that support the next frontier of space operations.

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Founded in 2022 by Professor A. R. Chowdhury of IIT Bombay and his student Tausif Shaikh, InspeCity is working on a future where satellites don’t simply become space junk once they reach end-of-life. The startup is developing technologies to provide in-orbit servicing, repairs, upgrades, and deorbiting — capabilities that are crucial to managing the growing number of satellites in Earth’s orbit and ensuring the sustainability of space operations.

InspeCity aims to transform the current “use and discard” model of satellite deployment by enabling longevity and responsible disposal through autonomous servicing vehicles and orbital maintenance systems. Their innovation could significantly reduce costs for satellite operators, extend satellite lifespans, and mitigate risks associated with space debris — a mounting concern for space agencies and private players alike.

The fresh capital will be utilized for scaling up research and development, expanding the engineering team, and building prototypes of key systems required for in-orbit servicing. The company also plans to collaborate with global satellite operators and space agencies to validate and test their technologies in real-world conditions over the next 12–18 months.

Ashish Kacholia, known for backing high-potential, disruptive startups, has entered the spacetech domain with this investment — a move that could draw more mainstream investor attention toward the sector. Commenting on the deal, insiders suggest that Kacholia sees satellite servicing as a key enabler for the commercial space economy, one with the potential to generate long-term value.

India’s spacetech ecosystem has been on an upswing since the Indian government opened the sector to private participation. Startups like InspeCity are now playing a pivotal role in building next-gen capabilities that align with global trends such as on-orbit manufacturing, space sustainability, and reusable infrastructure.

With its roots in academic research and a strong focus on engineering precision, InspeCity is uniquely positioned to pioneer in-orbit services in India. The successful closure of this seed round will serve as a launchpad for the startup’s next phase of innovation and partnership-building in the rapidly evolving global space economy.

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