Bengaluru spacetech OXG Space raises ₹17 crore for satellite 5G
Bengaluru-based OXG Space has secured ₹17 crore in a funding round led by Aum Ventures, with participation from Skyroot Aerospace co-founders. The capital will fund development of in-orbit 5G-like connectivity and computing for satellites.
The round follows a September report in *Moneycontrol* that Bengaluru accounted for a dominant share of India’s 2026 startup funding, even as round sizes shrank. When we covered the city’s funding trends on 24 September, the data showed Bengaluru tech startups had raised $4.4 billion in the first nine months of the year—nearly matching the next five Indian cities combined.
OXG Space’s focus on orbital edge computing aligns with a broader shift in spacetech investment. Goldman Sachs estimated in 2026 that the space economy could reach $1 trillion, with orbital data centers driving growth. A 30 August StartupReader story noted global spacetech funding had already hit $20.3 billion that year, excluding SpaceX’s $75 billion IPO.
The participation of Skyroot co-founders signals continued founder-to-founder support within India’s spacetech ecosystem. Whether this round marks a broader resurgence in spacetech funding—or an isolated bet on a niche application—will depend on how quickly OXG Space moves from lab to orbit.
Sources: msn.com
“OXG Space’s round shows investor appetite for orbital edge computing persists beyond early spacetech leaders.”
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