Dhruva Space Private Limited featured in Fortune 40 Under 40, 2022

Dhruva Space Private Limited bags Fortune '40 Under 40: 40 of India’s Brightest Young Entrepreneurs’' feature

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HYDERABAD, TS, INDIA (APRIL 6, 2022)

‍Dhruva Space Private Limited is excited to announce that the company is part of Fortune India’s ‘40 Under 40: 40 of India’s Brightest Young Entrepreneurs’ 2022 edition.

The feature covers the journey of Dhruva Space to date; from the college days of the co-founding team – Sanjay Nekkanti, CEO; Krishna Teja Penamakuru, COO; Chaitanya Dora Surapureddy, CFO; and Abhay Egoor, CTO – to finally founding Dhruva Space in 2012.

Readers will get an insight into how Nekkanti’s passion for satellite-making at SRM University, Chennai, came full circle with the establishment of Dhruva Space in 2012. Follow the company’s story from raising ₹22 Crore in funding led by Indian Angel Network (IAN) Fund and Blue Ashva Capital in October 2021 marking the company’s total fundraising at close to ₹27 Crore; to ultimately signing the commercial launch services agreement (LSA) with NewSpace India Limited, and the win of the Qualcomm Design in India Challenge 2021 in March 2022. The co-founding team also shares its long-term goals and vision for India’s Space Infrastructure, including a desire to raise US$25 million in the next round of funding.

Speaking on the ‘40 Under 40’ accolade for Dhruva Space, Sanjay Nekkanti, CEO, says: “Following Dhruva Space’s signing of the commercial launch services agreement with NewSpace India Limited in March, the Fortune India ‘40 Under 40’ honor comes as another exciting development for the company and for the Private SpaceTech Sector in India. I want to take a moment to commend the Dhruva Space team on the company’s tremendous growth over the years in its mission to innovate on Space and Satellite Technology, all while maintaining our core values of collaborative decision-making, valuing diversity, and future thinking. I would also like to extend a special thank you to Fortune India Editor-in-Chief Rajeev Dubey, and Chief Photo Editor Narendra Bisht.”

About Dhruva Space Private Limited:

Dhruva Space, founded in 2012, is a Full-Stack Space Engineering Solutions provider based in Hyderabad, India, and in Graz, Austria. The company is active across Space, Launch, and Ground segments and supports civilian and defense clients worldwide.

Dhruva Space offers Satellite/s teamed with Earth Station/s and Launch Services as an integrated solution or individually as technology solutions to power space-based applications on Earth and beyond.

In October 2020, Dhruva Space was recognized with the National Startup Award by the Government of India for its efforts in Satellite and Space Technology, and in March 2022, Dhruva Space was accoladed ‘Best SpaceTech Startup’ by Entrepreneur India Magazine’s StartUp 2022 Awards. In October 2021, the company raised INR 22 Crore in funding led by Indian Angel Network (IAN) Fund and Blue Ashva Capital.

About Fortune India’s ‘40 Under 40’:

Fortune is a global media organization dedicated to helping its readers, viewers, and attendees succeed big in business through unrivaled access and best-in-class storytelling. The first edition of Fortune India was published in September 2010, and is Fortune's sixth international edition following local editions for China, Turkey, Korea, Indonesia as well as a special edition for Greece.

Fortune ‘40 Under 40’ list highlights the rising entrepreneurs, influencers, creators, and executives that have shaped the global pandemic experience — and are paving the way for what comes next.

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