DK Business Network
Clarence & Partners has advised LetsVenture in its recent investment in Akashalabdhi. Akashalabdhi, a Bengaluru-based company pioneering space exploration technologies, focuses on satellite systems, propulsion modules, and orbital analytics. Founded by aerospace engineers and former ISRO scientists, the company aims to make space access more efficient and affordable through indigenous innovation and modular spacecraft design.
LetsVenture, one of India’s largest early-stage investment platforms, connects high-net-worth individuals, family offices, and institutional investors with promising startups. With over 500 deals facilitated across diverse sectors, its backing reflects growing investor confidence in India’s private space sector.
Clarence & Partners provided comprehensive legal assistance, including due diligence, deal structuring, and drafting transaction documents. The firm’s space-tech and venture capital practice has recently seen a surge in activity amid India’s evolving space policy reforms.
The investment is expected to accelerate Akashalabdhi’s R&D and enhance its capacity for small satellite launches, signaling a significant step in India’s journey toward space privatization and commercialization.
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