Spacetech startup EtherealX secures Series A funding co-led by TDK Ventures, BIG Capital
19 Jan 2026, 12:45 PMThe funding round saw participation from Accel, Prosus, YourNest Venture Capital, BlueHill Capital, Campus Fund and Riceberg Ventures.
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Spacetech startup Ethereal Exploration Guild (EtherealX) has secured $20.5 million in a Series A funding round led by TDK Ventures and BIG Capital.
The funding round saw participation from Accel, Prosus, YourNest Venture Capital, BlueHill Capital, Campus Fund and Riceberg Ventures.
The startup said that it will use the fresh capital to develop its first fully reusable medium-lift launch vehicle, Razor Crest Mk-1.
EtherealX, founded by in 2022 by Manu J. Nair, Shubhayu Sardar and Prashanth Sharma, seeks to significantly reduce space transportation costs, enable quick scientific growth, and catalyze civilizational progress.
According to an EY report, India's space economy was expected to touch $13 billion in 2025.
In 2023, India’s space sector hit a funding peak of $130.2 million, a 32.9% rise from 2022. However, in 2024 investment in the sector fell by 55% in 2024 to $59.1 million, according to Tracxn. The decline came even as the government last year approved a Rs 1000 crore fund to invest in space tech startups.
In November last year, Agnikul Cosmos raised $17 million at $500 million valuation.
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