Puran Choudhary

Bengaluru: IIT Bombay-incubated spacetech startup InspeCity, which is building technology for satellite life-extension, announced it has secured a $5.6 million (about ₹47 crore) seed funding round, led by Ashish Kacholia and participation from Speciale Invest, Shastra VC, Antler India, DeVC, MGF-Kavachh and Anicut Capital.

It aims to focus on building solutions for in-space servicing, assembly and manufacturing (ISAM) and in-space propulsion. The Mumbai-based startup said it will use the capital to continue its research and development and scale up to commercialisation.