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Vikas Acharya

Building WelBe| Entr... • 4m

Spacetech startup Sisir Radar raises $1.5 Mn in seed round Spacetech startup Sisir Radar, which builds Synthetic Aperture Radar (SAR), has raised $1.5 million in its seed round led by Shastra VC. The round also saw participation by Riverwalk Holdings and INVSTT. The proceeds will be used to enable Sisir Radar to build stronger R&D and manufacturing capabilities and uniquely position it to launch the highest resolution L-band SAR Satellite by the end of 2026. Founded by Dr Tapan Misra, Sisir Radar provides SAR technology enabling defence, intelligence and commercial applications. It claims to be the first Indian company to build SAR imaging payloads across multiple bands including L, P and X bands. Sisir’s SAR technology enables 24x7 real-time monitoring of the Earth and can see through darkness, clouds, and dense foliage, enabling critical applications in defence, agriculture, mining, disaster response, maritime surveillance, and infrastructure monitoring. Besides being a technology partner to major defence companies in India for developing radar solutions, Sisir has also won 2 IDEX challenges to build a submetric L band and high resolution P band SAR satellite for the Indian Air Force.

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Interesting changes are happening in India's defence sector. Some things to note: 🔹The Nifty India Defence Index has skyrocketed by 179.3% over the past year! 🔹FY 2023-24: Highest ever production at ₹1.27 lakh crore 🔹Massive growth: 16.7% year

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Samanth Shetty

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Have you heard of name : Raphe mPhibr's ? No ? Right The largest private funding for India's defence and aerospace sector upto date, guess how much ? Answer is : 100M$ this ends up their total funding of 145M$. General calyst funded this round

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This corporate granted 4.05 lakh ESOPs ahead of Q4 results 🤯 🚀 Startup & Share Market Update for 22 May 2024 Startup News: 1. OYO in talks for new funding round at a down valuation. 2. Shadowfax adds INR 62 Cr to ESOP pool for talent retention.

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