Apollyon Dynamics, a Hyderabad-based defence-tech startup founded in a BITS Pilani hostel room, has raised ₹4 crore in a pre-seed funding round, achieving a post-money valuation of ₹25 crore. The round was led by Naandi Ventures, with participation from spacetech founders including Skyroot Aerospace, Dhruva Space, and Agnikul Cosmos .

In a groundbreaking move announced on May 4, 2026, Indian space-tech startup Pixxel and AI firm Sarvam have unveiled plans to build India’s first orbital data centre satellite, named “Pathfinder” .