Hyderabad, August 4, 2026: Abyro Capital, in partnership with T–Hub, today opened applications for Beacon, its dedicated SpaceTech cohort designed to identify, invest in and accelerate India’s most promising early-stage SpaceTech startups. through a combination of institutional capital, deep sector mentorship and ecosystem support, Beacon aims to help founders transform breakthrough technologies into globally competitive businesses. The launch comes as India’s space economy, currently valued at approximately US$8.4 billion, is projected to grow to US$44 billion by 2033, creating significant opportunities for private SpaceTech ventures.
The launch event was attended by leading founders from India’s SpaceTech ecosystem, including Sanjay Nekkanti, CEO & Co-founder, Dhruva Space; Anand Rajagopalan, Co-founder, TakeMe2Space; Dr. C. V. S. Kiran, Founder & CEO, Red Balloon Aerospace; and Maruthi Amardeep Sri Vatsavaya, Co-Founder & CEO, along with Utham Kumar Dharmapuri, Chief Technology Officer, BluJ Aerospace Private Limited. The event also brought together industry veterans, including Dr. Subba Rao Pavuluri, Chairman & Founder, Ananth Technologies, and Gnanagandhi Vasudevan, Senior Vice President, Skyroot Aerospace.
Beacon has been created to become the launchpad for India’s next generation of SpaceTech entrepreneurs. While nearly 400 private SpaceTech startups have emerged following the opening of India’s space sector, many early-stage founders continue to face challenges in accessing specialised capital, technical guidance and commercial pathways. Beacon seeks to bridge this gap by providing investment alongside strategic support to accelerate innovation from the laboratory to the marketplace.
Speaking about the launch, Vamsi Kora, Founder & Managing Partner, Abyro Capital, said: “The response to Beacon has reinforced our belief that India is entering a defining decade for SpaceTech innovation. We are seeing exceptional founders building world-class technologies, but they need partners who understand both the science and the journey of building globally competitive companies. Beacon is our commitment to becoming that partner. Through this platform, we hope to back visionary entrepreneurs, strengthen India’s innovation ecosystem and help create the next generation of globally relevant SpaceTech companies.”
A defining feature of Beacon is its distinguished mentor council comprising some of India’s most accomplished space scientists, founders, operators and industry leaders.
The mentor council will work closely with participating startups, providing technical guidance, product validation, strategic introductions and commercial insights throughout the programme.
India’s SpaceTech ecosystem is at an inflection point, driven by progressive policy reforms, increased private participation, growing launch capabilities and rising global demand for space-based technologies. Beacon has been designed to complement this momentum by bringing together founders, investors, mentors, customers and ecosystem partners on a single platform, creating an environment where breakthrough innovations can move faster from concept to commercial deployment.
As Beacon‘s ecosystem partner, T–Hub will enable participating startups to leverage its innovation platform, startup community, investor network and industry partnerships to accelerate growth, strategic collaborations and market access.
Kavikrut, CEO, T–Hub said, India’s and Hyderabad’s SpaceTech Startupsare entering an exciting phase of building and proving their technology and commercial models. Beacon brings together early stage risk capital, technical expertise and industry partnerships to help early-stage ventures truly validate and achieve their milestones. We are pleased to partner with Abyro Capital to support the next generation of India’s SpaceTech founders.”
Following a structured evaluation process, five startups building technologies at Technology Readiness Levels (TRL) 2–4 will each receive a committed investment of US$500,000, along with an intensive eight-week acceleration programme featuring strategic mentorship, technical validation, customer introductions, product showcase opportunities and fundraising support.