One spacecraft will be Indian Space Research Organisation's own Chandrayaan-2, while the other will be from India's first private moonshot Team Indus which is competing in the Google LunarXPrize challenge.
Contributors to Team Indus project will have names etched on an object going to space.
Beresheet was developed by SpaceIL and Israel Aerospace Industries. If the mission had been completed successfully, Israel would have been the fourth country, after the Soviet Union, the United States and China, to land a spacecraft on the moon.
The success of the PSLV-C34 mission is a result of ISRO's professionalism and the hard work put in by their scientists over the last many decades., says Ajay Lele.
Some time before December 31, 2017, Bengaluru based Team Indus aims to land a vehicle on the moon.