Aadyah Aerospace Secures $3.3 Million in Series A Funding

Aadyah Aerospace has successfully raised Rs 31.5 crore, equivalent to $3.3 million, in its Series A funding round. This funding was primarily led by Helios Holdings, with notable participation from angel investor Meenu Sharma. According to regulatory filings accessed by Startup Superb, Aadyah Aerospace’s board has approved the issuance of 30,92,176 Series A CCPS at an issue price of Rs 101.87 per share to secure this funding.

Details of the Funding Round

The funding round was spearheaded by Suraj Nalin representing Helios Holdings, which contributed Rs 30.5 crore. Furthermore, Meenu Sharma made an investment of Rs 1 crore. As estimated by Startup Superb, this latest funding round has uplifted Aadyah Aerospace’s valuation by over 26%, raising it to approximately Rs 206 crore ($21.6 million) from Rs 163 crore in the preceding pre-Series A round. It is noted that this could be part of a larger funding initiative, which may influence the valuation accordingly.

Utilization of Proceeds

As indicated in the filing, the funds will be allocated towards the acquisition of a target company based in the United States, in addition to addressing working capital needs and supporting overall business operations.

About Aadyah Aerospace

Established in 2016 by a team of former ISRO scientists and aerospace industry veterans, Aadyah Aerospace is focused on developing mission-critical systems and subsystems for applications in space, launch vehicles, and defence. Their product range includes propulsion systems, avionics, guidance and navigation technologies, and electro-mechanical actuators.

Investment History and Financial Performance

To date, Aadyah Aerospace has raised more than $8.4 million from various investors, including SiriusOne, Keiretsu Forum, and a number of individual angel investors. The company is yet to file its FY26 financial statements. For FY25, Aadyah Aerospace experienced a 9% decline in operating revenue, dropping to Rs 14.12 crore from Rs 15.53 crore in FY24. Nevertheless, the company achieved profitability, reporting a profit of Rs 1.47 crore as opposed to a loss of Rs 35 lakh in the previous financial year.

Growing Investor Interest in India’s Spacetech Sector

Recently, India’s spacetech ecosystem has seen increased investor engagement, marking its first unicorn status with Skyroot Aerospace after the startup secured $60 million in funding. This sector continues to draw investment, illustrated by Xovian Aerospace raising $2 million in a round led by Ashish Kacholia, and SatLeo Labs obtaining $2.2 million in a recent seed funding effort, among other funding activities.