Key Takeaways
- • Hyderabad-based spacetech startup Cosmoserve Space raised $6 million in a seed round led by Japan-based Rebright Partners and Aranya Holdings, with Naandi Ventures and existing investors AUM Ventures and Shakti VC also participating, bringing total funding to over $9 million.
- • Cosmoserve, founded in 2025 by Chiranjeevi Phanindra, is developing autonomous robotic spacecraft to address space debris and will use the capital for its Base 1 facility, technology demonstrations and two upcoming missions.
- • Daksham Capital, a multi-family office and private wealth firm, closed the first tranche of its maiden consumer-focused fund, Daksham Growth Ventures (DGV) Fund I, at Rs 125 crore (roughly $13 million).
- • DGV Fund I is a SEBI-registered Category II AIF with a target corpus of Rs 150 crore plus a Rs 150 crore greenshoe, for a potential size of Rs 300 crore, and will invest Rs 5-20 crore in early-growth consumer businesses.
Summary
Hyderabad-based spacetech startup Cosmoserve Space has raised $6 million in a seed funding round from Japan-based Rebright Partners, Aranya Holdings, Naandi Ventures and existing investors AUM Ventures and Shakti VC. The round takes the company's total funding to over $9 million. Founded in 2025 by Chiranjeevi Phanindra, Cosmoserve is focused on solving the space debris problem through advanced autonomous robotic spacecraft.
The company said the fresh capital will fund development of Base 1, technology demonstrations and two upcoming missions. Cosmoserve has also inaugurated Base 1, a private facility for space debris removal and satellite servicing. The facility will support development and testing of technologies for in-orbit repairs, refuelling and defunct satellite recovery.
Separately, Daksham Capital, a multi-family office and private wealth management firm, has raised Rs 125 crore in the first close of its maiden consumer-focused fund, Daksham Growth Ventures (DGV) Fund I, according to an announcement. The fund is registered as a Category II alternative investment fund with the Securities and Exchange Board of India (SEBI) and has a target corpus of Rs 150 crore, with a greenshoe option of an additional Rs 150 crore that would take its potential size to Rs 300 crore.
DGV Fund I has attracted commitments from family offices, high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs) and entrepreneurs. The fund will invest Rs 5-20 crore in early-growth businesses across D2C brands, consumer enablers, B2B2C models, supply chains and consumer-focused AI.
The company said the fresh capital will fund development of Base 1, technology demonstrations and two upcoming missions. Cosmoserve has also inaugurated Base 1, a private facility for space debris removal and satellite servicing. The facility will support development and testing of technologies for in-orbit repairs, refuelling and defunct satellite recovery.
Separately, Daksham Capital, a multi-family office and private wealth management firm, has raised Rs 125 crore in the first close of its maiden consumer-focused fund, Daksham Growth Ventures (DGV) Fund I, according to an announcement. The fund is registered as a Category II alternative investment fund with the Securities and Exchange Board of India (SEBI) and has a target corpus of Rs 150 crore, with a greenshoe option of an additional Rs 150 crore that would take its potential size to Rs 300 crore.
DGV Fund I has attracted commitments from family offices, high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs) and entrepreneurs. The fund will invest Rs 5-20 crore in early-growth businesses across D2C brands, consumer enablers, B2B2C models, supply chains and consumer-focused AI.
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