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Exclusive: CoinDCX co-founder partners with ISRO scientists to launch Astrobase, raises $10 Mn

EntrackrEntrackr ยท 7m ago
Exclusive: CoinDCX co-founder partners with ISRO scientists to launch Astrobase, raises $10 Mn
Medial

Exclusive: CoinDCX co-founder partners with ISRO scientists to launch Astrobase, raises $10 Mn The Bengaluru-based space tech company has raised over Rs 60 crore ($7 million) in its maiden funding round, led by venture firm BanyanCo, as per information sourced from the regulatory filings with MCA. CoinDCX co-founder Neeraj Khandelwal has partnered with senior ISRO scientists Devakumar Thammisetty, Pawan Kumar, and Prashant M to launch Astrobase, according to sources familiar with the matter. Astrobase aims to address the growing demand for satellite launches by building cost-efficient, high-payload launch vehicles. โ€œThe company is working on a methane oxygen full flow staged combustion engine designed to carry payloads ranging from 3 to 10 tonnes. It plans to offer three configurations of its launch vehicle: fully expendable, partially reusable and fully reusable, with a target launch cost of $300 per kilogram by 2034,โ€ a person familiar with the matter said. As per sources, the company has secured an engine manufacturing facility in Bengaluruโ€™s aerospace hub and is ready to begin production. โ€œAstrobase is moving from research and development to manufacturing. It has completed engine and vehicle designs for an orbital-class launch system.โ€ Entrackr estimates the startupโ€™s valuation at approximately Rs 623 crore ($72 million) in this round. The company is preparing to raise additional capital, and its valuation will change accordingly. Following Entrackrโ€™s story, Khandelwal clarified that the company has closed a $10 million seed round. He mentioned that the engine manufacturing facility is up and running, with 10 senior ISRO scientists on board. Over the past two years, spacetech startups are gaining momentum over the past few years. In 2024, 13 startups from the segment raised around $85 million in funding. In the ongoing calendar year, 10 such startups have announced their fundraise worth over $15 million. In 2025, the Indian government introduced a Rs 500 crore ($58 million) fund through IN-SPACe and approved a Rs 1,000 crore ($116 million) VC fund to support space-tech startups. The funds are intended to increase local development, reduce import reliance, and expand private sector participation in the space sector.

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Fashion brand Outzidr raises $3.1 Mn led by RTP Global

EntrackrEntrackr ยท 6m ago
Fashion brand Outzidr raises $3.1 Mn led by RTP Global
Medial

Fashion brand Outzidr raises $3.1 Mn led by RTP Global Co-founded in 2024 by Nirmal Jain, Mani Kant Mani, and Justin Mario, Outzidr is a digital-first fashion brand offering on-trend western wear for Indian women aged 18โ€“28. The Bengaluru-based startup has raised Rs 27 crore (around $3.1 million) in a pre-Series A round led by RTP Global along with participation from existing investor Stellaris Venture Partners. Outzidr, a fashion brand built for Gen Z women, had previously raised Rs 30 crore (around $3.5 million) in a seed round led by Stellaris Venture Partners. The proceeds will be utilized for the next phase of growth, including the launch of its first exclusive offline store by March 2026 and expansion of its design, operations, and technology teams. Outzidr launches up to 2,000 new styles every month, or 500 every week, through its own D2C platform and leading marketplaces like Ajio, Myntra, and Nykaa Fashion. โ€œOutzidr represents the energy of a new generation โ€” fast-paced, fresh, and fearless,โ€ said Nirmal Jain, Co-founder and CEO of Outzidr. โ€œWeโ€™re building a brand that listens, learns, and reacts in real time. This fundraiser is a strong validation of our mission to become the everyday fashion choice for Gen Z women โ€” and of the incredible team and opportunity weโ€™re building for.โ€ According to market research, Indiaโ€™s fast fashion market is currently valued at around $10 billion and is projected to surge to over $50 billion by FY 31, growing at a ~30% CAGR. In just five months, the brand claims to have gained more than 100,000 customers. It primarily competes with other notable players in this space such as NEWME, Zudio, and Style Union.

Aerospace startup Sarla Aviation raises $10 Mn led by Accel

EntrackrEntrackr ยท 1y ago
Aerospace startup Sarla Aviation raises $10 Mn led by Accel
Medial

Sarla Aviation, an aerospace startup developing electric aircraft for flying taxis, has secured $10 million in funding, led by Accel. Angel investors, including Flipkart co-founder Binny Bansal, Zerodha co-founder Nikhil Kamath, and Swiggyโ€™s Sriharsha Majety, also participated in the round. Sarla Aviation intends to utilize the funds to establish a research and development center in Bengaluru. The company also plans to launch its flying taxis by 2028. Founded in 2024 by Adrian Schmidt, Rakesh Gaonkar, and Shivam Chauhan, the company is preparing to debut its first prototype, named Shunya, on January 17 at the Bharat Mobility Global Expo in New Delhi. The aircraft is built to carry up to 680 kilograms and accommodate six passengers, in addition to the pilot. Last year, Sarla Aviation partnered with Bengaluru International Airport to prepare for the rollout of its flying taxi service. The development follows Accel's launch of a $650 million eighth fund to support early-stage startups in India and Southeast Asia, focusing on enterprise AI, consumer services, fintech, and manufacturing.

Israel's Coralogix raises $115 Mn to fuel India expansion

EntrackrEntrackr ยท 7m ago
Israel's Coralogix raises $115 Mn to fuel India expansion
Medial

Snippets Israel's Coralogix raises $115 Mn to fuel India expansion This expansion follows Coralogixโ€™s acquisition of Aporia in December 2024 and the launch of its Coralogix AI Center, which focuses on the performance, security, and governance of enterprise data. Israel-based cybersecurity company Coralogix has raised $115 million in its Series E round led by NewView Capital and included participation from Canada Pension Plan Investment Board and NextEquity. The funding values Coralogix at over $1 billion. All existing investors, Advent International, Brighton Park Capital, Revaia, Greenfield Partners, Red Dot Capital Partners, O.G. Tech, Joule Capital Partners, and Maor Investments, supported this funding round. The proceeds will be used to expand its office in Gurugram and hire more people in Bengaluru and Mumbai. It will recruit for roles in data science, AI, customer engineering, and enterprise sales. The expansion aims to serve sectors like BFSI, IT, telecom, logistics, and edtech in India. Coralogix offers a full-stack platform for application performance, security, and real-user monitoring. It prices its service by data volume and provides strong support to help businesses respond quickly and resolve issues. Coralogix already works with companies in India, including Postman, Meesho, BookMyShow, Razorpay, CoinDCX, BharatPe, and Delhivery. It plans to launch Olly, its new AI observability tool, to help businesses find and resolve issues quickly and meet compliance requirements.

Beacon.li raises $7 Mn in Series A round

EntrackrEntrackr ยท 11m ago
Beacon.li raises $7 Mn in Series A round
Medial

Enterprise tech startup Beacon.li has raised $7 million in its Series A round led by Sorin Investments, with participation from Athera Venture Partners, JAFCO Asia, Unicorn India Ventures, and angel investors including Capillary Technologies founder Aneesh Reddy, Rapido co-founder Aravind Sanka, and Kapil Bharti. The proceeds will be used to expand AI capabilities, increase global presence, and boost enterprise automation. Founded in 2023 by Silus Reddy and Rakesh Vaddadi, Beacon.li offers AI-driven product assistants for enterprise software support, integrating with systems to automate processes and answer queries. Customers include Darwinbox, Zluri, Keka HR, and Planful. Co-founded by former KKR India head Sanjay Nayar, Sorin Investments closed its maiden fund at Rs 1,350 crore in May last year.

Spacetech startup Ethereal Exploration Guild raises $20.5 Mn in Series A round

EntrackrEntrackr ยท 24d ago
Spacetech startup Ethereal Exploration Guild raises $20.5 Mn in Series A round
Medial

Spacetech startup Ethereal Exploration Guild raises $20.5 Mn in Series A round Space technology company Ethereal Exploration Guild (EtherealX) has raised $20.5 million in Series A funding round co-led by TDK Ventures and BIG Capital, with participation from Accel, Prosus, YourNest Venture Capital, BlueHill Capital, Campus Fund, and Riceberg Ventures. The proceeds will be used to develop a first fully reusable medium-lift launch vehicle, the Razor Crest Mk-1. Co-founded in 2022 by Manu J. Nair, Shubhayu Sardar, and Prashanth Sharma, EtherealX aims to take on SpaceX with a medium-lift launch vehicle called Razor Crest Mk-1. The rocket, designed to be fully reusable, is expected to place up to eight tonnes into low Earth orbit and will also be capable of delivering payloads to geostationary transfer and trans-lunar injection orbits. According to the Bengaluru-based startup, it is currently building a fully reusable medium-lift (25-tonne) launch vehicle. Razor Crest Mk-1 โ€“ the medium-lift fully reusable launch vehicle under development, can carry up to 24.8 tons into Lower Earth Orbit (LEO) and up to 10.8 tons into the Geosynchronous Transfer Orbit (GTO). Ethereal aspires to disrupt the launch market by lowering orbital transport costs to a target range of $500โ€“$1,000 per kilogram. The startup uses in-house simulation tools and test infrastructure, which together contribute to better overall vehicle reusability and shorter development cycles. The company claims to have manufactured its 80kN upper-stage reusable engine (Pegasus) and has signed collaboration agreements with the Indian National Space Promotion and Authorization Centre (IN-SPACe), ISRO, and other national space agencies, as well as commercial satellite operators, launch aggregators, and launch ports globally.

Juice brand Alienkind raises $1.2 Mn in Seed round

EntrackrEntrackr ยท 10m ago
Juice brand Alienkind raises $1.2 Mn in Seed round
Medial

Juice brand Alienkind raises $1.2 Mn in Seed round Juice brand Alienkind has raised $1.2 million in a Seed funding round at a valuation of $10 million led by notable industry veterans, including Super.money founder Prakash Sikaria, Ravi Iyer, Arpan Sheth, and others. The proceeds will be utilized for its expansion and scale footprint across key metropolitan cities in India as part of its first phase of growth, Alienkind said in a press release. Co-founded in 2024 by Vikram Kakkireni and Abhishek Kumar, Alienkind is a next-generation juice bar that aims to empower the juice ecosystem. The brand aspires to become an extension of its consumersโ€™ personalities, fostering a community that values authenticity and innovation. Since its launch, Alienkind states that it has quickly gained nationwide attention by redefining the Indian Quick Service Restaurant (QSR) segment with its unique value proposition, competitive pricing, and strategic brand positioning.

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