India, Oct. 25 -- Early-stage spacetech startup Catalyx Space has raised $5.4 Mn (around INR 47.4 Cr) in its seed funding round led by Outlander VC. Other investors that participated in the funding round were Arka Venture Labs, Lex Reddy, KDX Management LLC, Together, Higher Life Ventures, Nivesha Ventures, Prana Tech Ventures, Bria, HF0 Residency and Techstars.

The startup intends to deploy the fresh capital to develop a complete back-end infrastructure for space, which enables upmass and downmass in orbital logistics. "This round will help us demonstrate our next-generation re-entry and landing technology, scale our GTM, and execute upcoming missions," Catalyx Space's CEO Rifath Shaarook said in a social media post.

Founded in 2024 by...