Astrome Bags $10 Mn To Foray Into Satellite Communication Markets

Bengaluru-based deeptech startup Astrome Technologies has raised $10 Mn (INR 86.35 Cr) in a funding round led by PE firm Apollo Global Management. Existing investor IAN Group also participated in the round.

The startup intends to utilise the fresh capital to fuel its expansion into new markets and develop new product lines. In a statement, it said it also aims to foray into satellite communication markets.

“This foray into the satcom market represents the timely realisation of the vision with which this company was founded – to drive innovation and create solutions that enhance connectivity on a global scale,” Astrome cofounder and CEO Neha Satak said.

Founded in 2015 by Satak and Prasad HL Bhat, Astrome is a deeptech startup which enables deployment of 5G and rural telecommunication infrastructure and also patented its millimeter wave E-band radios and satellite communication products.

(The story will be updated soon)

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