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News on Medial
In a league of its own: This Ahmedabad space tech startup is working on persistent oceanic surveillance
YourStory
·
1m ago
Medial
PierSight, a space tech startup based in Ahmedabad, is revolutionizing oceanic surveillance with satellites equipped with SAR and AIS sensors. Founded by Vinit Bansal and Gaurav Seth in 2023, it aims to monitor maritime activities and detect illegal operations. Their unique integration of SAR and AIS on a single platform enables accurate and persistent monitoring. Supported by the Indian government and international clients, PierSight is advancing technologies for both satellite and drone applications.
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Indian space tech firm Digantara eyes $30 million revenue with US expansion
Economic Times
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7m ago
Medial
Indian space tech firm Digantara plans to expand into the US, targeting $25-$30 million in revenue over the next two years by capitalizing on the $60 billion space surveillance market. The Bengaluru startup will invest $10-$15 million to establish a manufacturing facility in Colorado. Digantara has contracts with US defense agencies, including launching a surveillance satellite with SpaceX. The expansion aims to enhance space surveillance and address space traffic and debris concerns globally.
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Digantara commissions commercial space surveillance satellite, SCOT
Economic Times
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6m ago
Medial
Bengaluru-based startup Digantara launched SCOT, the first commercial space surveillance satellite, to enhance space situational awareness. Launched via SpaceX, SCOT tracks objects as small as 5 cm, crucial for reducing space collision risks. The satellite captured its first image over Buenos Aires. Prime Minister Modi and industry leaders praised this milestone, noting its importance in sustainable space operations. Digantara provides comprehensive space surveillance solutions, aiding timely decision-making for satellite operators and regulators.
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PierSight readies ‘Varuna’ for ocean surveillance ops
Economic Times
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9m ago
Medial
Spacetech startup PierSight is preparing to launch its first satellite, named Varuna Mission, aboard the Indian Space Research Organisation's (ISRO) PSLV Orbital Experimental Module (POEM) platform. The satellite aims to provide all-weather maritime surveillance by tracking ship movements, detecting oil spills, and monitoring critical infrastructure such as undersea cables and pipelines. PierSight plans to establish a constellation of satellites to offer persistent, real-time monitoring of human activity at sea. The startup has already partnered with government agencies, hedge funds, shipliners, and marine border protection agencies. The global satellite vessel tracking market is projected to have substantial growth in the coming years.
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Mobile Premier League acquires Lumikai-backed CloudFeather
VCCircle
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9m ago
Medial
Mobile Premier League (MPL) has acquired a significant stake in gaming technology company CloudFeather Games. This deal involves the exit of CloudFeather's existing investor, Lumikai. MPL plans to use CloudFeather's technology stack to enhance its own tech capabilities and improve gaming experiences for its users in India, the US, and Nigeria. MPL's parent company, M-League, reported a 22.2% increase in operating revenue and a 21% reduction in losses in FY24. Financial details of the transaction were not disclosed.
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Sports-loving startup executives clash with Badminton Association over league tournament
Startup News FYI
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2y ago
Medial
Several prominent figures in India's tech and startup industry, including Prashanth Prakash of Accel, Sekhar Garisa of Foundit, and Nithin and Nikhil Kamath of Zerodha, own teams in the Grand Prix Badminton League (GPBL). The league's second season was indefinitely postponed due to a dispute with the Badminton Association of India (BAI), which raised concerns about unauthorized tournaments and the disruption of the national badminton calendar. GPBL plans to promote women's employment and offer players opportunities outside of national teams. The league is now awaiting a court decision to determine its fate.
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Reliance in advanced talks to lead $50 million raise in spacetech startup Digantara - The Economic Times
Economic Times
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1m ago
Medial
Reliance Industries is in advanced talks to lead a $50 million funding round in spacetech startup Digantara, focusing on space surveillance, amid rising defense expenditure and global geopolitical tensions. The investment marks a significant boost to India's emerging space surveillance sector. Digantara plans to establish a constellation of surveillance satellites by 2026. The company aims for defense and commercial markets, particularly in space situational awareness, with significant funding allocated for infrastructure development.
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India Turns to Startups for AI Weapons, Stealth Tech and Space Surveillance: Dr G Satheesh Reddy
OutlookIndia
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2m ago
Medial
India is leveraging its startup ecosystem to develop advanced military technologies, including AI-powered weapons, drone systems, and space-based surveillance. Former DRDO chairman Dr. G Satheesh Reddy highlighted at the MATRIX Summit 2025 that over 1,000 startups currently contribute to India's defense and aerospace sectors, enabled by programs like IDEX and TDF. These initiatives support the co-development of tech with the armed forces, promoting agile, tech-driven solutions over traditional, longer development cycles.
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Aditya Birla-backed Digantara takes flight onboard SpaceX’s rocket, system to monitor and detect objects
Economic Times
·
7m ago
Medial
Bengaluru-based startup Digantara successfully launched its SCOT mission aboard SpaceX’s Transporter-12 mission to improve space surveillance. The SCOT satellite can track objects as small as 5 cm in Low Earth Orbit, surpassing existing sensors limited by weather and geographical constraints. Supported by Aditya Birla Ventures and SIDBI Venture Capital, SCOT aims to enhance space safety, optimize traffic management, and bolster national security. Digantara plans to develop a hybrid surveillance network for sustainable space operations, having raised $16.5M in funding.
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Eruditus' journey: From being rejected by 20 investors to becoming a unicorn
Money Control
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1y ago
Medial
Watch the full podcast by clicking on source button below. Founded by Ashwin Damera and Chaitanya Kalipatnapu in 2010, executive education startup Eruditus started out with offline classes with faculty from Europe’s INSEAD and the Indian Institute of Management (Ahmedabad), teaching a 10-day classroom programme in a 5-star hotel for 10-15 people, mostly working professionals. From 2015 onwards, it started an online teaching model and raised venture capital from investors such as Bertelsmann and Sequoia Capital India. Today, Eruditus and Emeritus, its online wing, make Ivy League education accessible and affordable to those who seek it, having tied up with the likes of MIT, Harvard, Columbia, Berkeley and INSEAD. In this episode of Bits to Billions, second-time entrepreneur Ashwin Damera spoke about the state of ed tech in India, how the idea of Eruditus came about, the initial struggle and his plans to give back to the ecosystem through Damera Ventures.
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India's defence-tech startups powering Atmanirbhar Bharat
Inshorts
·
4m ago
Medial
Amid rising India-Pak tensions, India's defence tech startups are bolstering military innovation under 'Make In India'. From ideaForge's drones to Sagar Defence's unmanned naval systems & Digantara's space surveillance, these companies drive indigenous, cutting-edge solutions for intelligence, surveillance, and training, reducing foreign dependence and strengthening national defence preparedness.
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