TakeMe2Space raises ₹5.5 crore from Seafund investors

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TakeMe2Space, a Hyderabad-based spacetech startup, has raised ₹5.5 crore in a pre-seed funding round led by Seafund. Other investors include Blume Ventures, Artha Venture Fund, AC Ventures, and several marquee angel investors. The startup aims to use this capital to launch MOI-1, India’s first AI laboratory in space. TakeMe2Space has already completed two space missions in collaboration with ISRO’s POEM platform, where it demonstrated a pioneering radiation shielding coat for satellites.

Founded in 2024 by Ronak Kumar Samantray, TakeMe2Space is working to transform satellite applications by addressing real-time data processing challenges in orbit. The startup focuses on democratizing space research by making it more accessible to researchers and commercial enterprises. Its primary areas of innovation include radiation shielding, propulsion systems, and inter-satellite communication technologies. TakeMe2Space is expanding its operations across India, Australia, and Europe to achieve its ultimate goal of establishing data centers in space.

With a growing team of over 17 engineers and more than 15 developed satellite sensors and subsystems, TakeMe2Space is on an accelerated growth trajectory. The company aims to double its revenue in the next 12 months. Government support and increasing investments in spacetech are driving TakeMe2Space toward becoming a leading player in the emerging space economy.

1. The Vision and Mission of TakeMe2Space

TakeMe2Space is a next-generation spacetech startup dedicated to revolutionizing satellite applications. The company aims to solve the growing problem of data processing inefficiencies in space by developing AI-powered solutions. TakeMe2Space is revolutionizing satellite systems with in-orbit AI processing, eliminating reliance on ground-based data centers, reducing latency, and optimizing bandwidth. This enables real-time data analysis, making space research more efficient and cost-effective.

2. Revenue and Business Model

TakeMe2Space follows a dual revenue model. The first stream comes from providing AI-powered satellite solutions to research institutions and commercial enterprises, enabling them to process data in space. The second revenue stream is driven by the sale of satellite subsystems such as radiation shielding coats, propulsion technologies, and inter-satellite communication modules. The startup has already onboarded over 15 early customers and aims to expand its customer base further in the coming months.

3. The Founders and Their Vision

TakeMe2Space was founded in 2024 by Ronak Kumar Samantray, a visionary entrepreneur with extensive experience in deep-tech innovations. With a strong background in aerospace technology and AI-driven solutions, Samantray has been instrumental in shaping the startup’s strategic direction. Under his leadership, the company has rapidly built a strong engineering team and successfully completed two space missions.

4. Funding Background and Investor Support

The recent ₹5.5 crore pre-seed funding round was led by Seafund, a deep-tech investment firm focused on emerging technologies. The round also saw participation from prominent investors, including Blume Ventures, Artha Venture Fund, and AC Ventures. The funding will primarily be used to launch MOI-1, India’s first AI laboratory in space. This milestone will mark a significant leap forward in space-based AI applications.

5. The MOI-1 Mission and Its Impact

TakeMe2Space is gearing up for the launch of MOI-1, a mission that will establish an AI laboratory in space. The AI lab will enable real-time data processing, eliminating the need for satellites to transmit massive amounts of raw data to ground stations. Instead, AI algorithms will process and analyze data onboard, sending only the essential insights back to Earth. This will significantly reduce costs and improve efficiency in satellite operations.

6. Expansion Plans and Market Strategy

TakeMe2Space plans to expand its operations across multiple regions, including India, Australia, and Europe. The startup’s go-to-market strategy focuses on increasing the adoption of its satellite subsystems and AI-powered solutions. With the growing interest in spacetech solutions worldwide, the company is well-positioned to scale its operations and establish itself as a market leader.

7. Industry Insights and Market Trends

According to Invest India, the Indian spacetech sector is experiencing rapid growth, fueled by technological advancements and increased government support. The sector has immense potential for global collaboration and commercialization. With India’s rising prominence in space exploration, startups like TakeMe2Space play a crucial role in shaping the future of the industry.

8. Learning for Startups and Entrepreneurs

1. Innovate with Purpose: TakeMe2Space is solving a real problem in satellite data processing, proving that innovation driven by necessity leads to impactful solutions.
2. Leverage Government Support: The Indian government’s favorable policies and initiatives in spacetech provide a conducive environment for startups to thrive.
3. Focus on Scalability: By targeting global markets like Australia and Europe, TakeMe2Space is ensuring its solutions have broad applicability and demand.
4. Build Strong Partnerships: Collaborating with ISRO and securing funding from multiple investors has been key to the startup’s early success.
5. Invest in Talent: A robust engineering team is critical for any deep-tech startup, as seen in TakeMe2Space’s rapid expansion and technical achievements.

9. About The Startups News

In the dynamic world of startups, staying updated with the latest developments is crucial. At The Startups News, we bring you in-depth coverage of emerging businesses, funding trends, and groundbreaking innovations. Whether you are an entrepreneur, investor, or industry enthusiast, our platform keeps you informed about the most significant startup stories. Just as TakeMe2Space is pioneering the future of space research, The Startups News is committed to delivering insightful and impactful news to our readers.