Highlighting past claims of funding and global expansion, VestaSpace now says the earlier article is outdated and no longer reflects its ownership or strategic direction.
In May 2020, Indian space technology startup VestaSpace Technology, which specialised in making small satellite platforms for commercial and scientific applications, received $10 million in funding from American investment and advisory firm Next Capital LLC.
“Our association with Next Capital LLC began with my stay in the US for a project and has culminated in a promising financial deal that was cracked,” informed Arun Sureban, then founder of VestaSpace.
However, in December 2025, a spokesperson for VestaSpace Technology stated that this information no longer features the company’s current direction.
The company clarified that its structure, long-term plans, and business focus have significantly evolved since the time this content was originally published, and the earlier information does not represent VestaSpace’s present status.
“The owner has decided that this no longer reflects current ownership/strategic direction and wishes it to be taken down to prevent further confusion or misrepresentation. The content is outdated with respect to the company’s current status and future plans. It is in the interest of all parties that this content not remain publicly accessible, given the changed circumstances,” said Ashish Kapoor, Legal Counsel, Amaraa Global corporation ltd, on behalf of the company.
Working with ISRO
VestaSpace was founded in 2018 by Astronautical engineer Arun Kumar Sureban as an off-beat venture to help startups and mid-size businesses access the benefits of using small satellites, satellite communication, sensors, and connected devices.
The firm was building small satellite platforms for applications such as technology demonstrations, communications, and earth observation, among others. It had already been working with ISRO and has aggressive strategic plans to expand globally.
“This deal is going to be a great financial booster for VestaSpace Technology and will allow us to expand and scale up our operations and expand our footprint globally,” added Sureban in May 2020.
Sureban had worked on a series of CubeSat and Nanosatellite projects through the venture, and was optimistic that the funding would enable the startup to scale up significantly. He estimated a growth boost of up to 300 per cent, based on financing, cultivating a strong global network, and acquiring ground stations.
