BENGALURU, India, Nov. 1, 2021 (SatSure PR) — SatSure, a Bengaluru-based space-technology startup that builds decision insights using data from satellites for the banking and insurance sectors, has raised an undisclosed amount of equity funding led by Baring Private Equity India. SatSure will use the capital to hire more people to grow its product portfolio and increase its international business footprint, while also capitalizing its high-resolution optical and multispectral payload demonstration mission in orbit that was announced earlier this year.

SatSure was founded in 2017 by Indian Institute of Space Science and Technology (IIST) alumni Prateep Basu and Rashmit Singh Sukhmani, along with Abhishek Raju. The startup bootstrapped its way to a 50+ people team before raising its first institutional round of funding. The company’s work in the areas of enablement of farmer’s financial inclusion, insurance, Agri inputs and ClimateTech has been recognized by reputed international and domestic organizations, such as the Ministry of Agriculture & Farmers Welfare, World Economic Forum, and the Asian Development Bank to name a few.