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Indian space startups dock in for a slice of American pie
Economic Times
·
3m ago
Medial
Indian space tech startups are increasingly establishing a presence in the US, with companies like Bellatrix Aerospace, Pixxel, and Digantara setting up offices and manufacturing units. This expansion is aimed at accessing the $237 billion US space economy, building credibility, and navigating regulatory challenges. Firms believe that a local presence is crucial due to the dual-use nature of space technology. This move helps create local value and offers access to more opportunities.
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ISRO gears up for last mission of 2024, to experiment with 24 payloads
Economic Times
·
7m ago
Medial
The Indian Space Research Organisation (ISRO) is preparing for its final mission of the year, the SpaDeX mission, which will launch 24 scientific experiments into space on December 30. The experiments will be deployed aboard the PSLV Orbital Experiment Module-4 (POEM-4), using the leftover fourth stage of the rocket. This will allow scientists to test new ideas and technologies in space instead of the stage becoming space debris. The payloads include projects from ISRO, research facilities, academia, and startups, aiming to study various aspects of science and engineering. Additionally, the mission aims to demonstrate the ability to dock two small spacecraft, a crucial step for future lunar missions.
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Investors Eye A Pie As India Prepares To Lead The Global Semiconductor Revolution
Inc42
·
10m ago
Medial
- Indian government's focus on increasing local electronic equipment manufacturing and reducing import dependency drives the interest in semiconductors. - 92% of investors surveyed in Inc42's report express optimism about India's semiconductor ambitions and are willing to invest. - Majority of recent funding in the semiconductor ecosystem has gone into fabless IP developers and system-on-chip (SoC) startups. - India aims to build all aspects of the semiconductor value chain, starting with design and gradually expanding into larger capex-intensive areas. - Product design and engineering talent are crucial for building chips, systems, and products for various applications. - Bengaluru remains a dominant city in the semiconductor space, with many design, IP, and processor companies originating from there.
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From slice To BluSmart – Indian Startups Raised $200 Mn This Week
Inc42
·
1y ago
Medial
Indian startups raised $200 million through 25 deals, a 45% increase from the previous week. Fintech company slice secured the largest funding round, obtaining $30 million in debt from Neo Asset Management’s Credit Opportunities Fund. Seed funding also saw growth, increasing by 17% to $9.78 million this week.
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Funding and acquisitions in Indian startups this week [2-7 Oct]
Entrackr
·
1y ago
Medial
In the Indian startup ecosystem this week, Bizongo, a packaging company, raised the highest funding of $50 million, followed by Mensa Brands and Bolt.Earth. Aampe, DPDzero, and ClearFeed were among the 11 startups that raised funds at the early stage. Bengaluru-based startups dominated the funding, with six of them securing $54.45 million. Fintech and e-commerce startups were the leading segments in terms of the number of deals. Additionally, three merger and acquisition deals were reported, including Slice merging with North East Small Finance Bank.
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AWS partners ISRO, IN-SPACe to boost space-tech innovations in India
Economic Times
·
1y ago
Medial
Amazon Web Services (AWS) India has signed a memorandum of understanding (MoU) with the Indian Space Research Organisation (ISRO) and the Indian National Space Promotion and Authorization Centre (IN-SPACe) to support space-tech innovations through cloud computing. The collaboration will provide space startups, research institutes, and students access to cloud technologies to accelerate the development of solutions in the space sector. AWS will offer tools, resources, and technical support to eligible space startups through the AWS Activate program and the AWS Space Accelerator program.
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Cabinet approves Rs 1,000-crore VC fund for space startups
Money Control
·
9m ago
Medial
The Indian government has approved a venture capital (VC) fund worth Rs 1,000 crore to support the growth of space startups. The fund, planned to be deployed over a period of five years, will provide early-stage funding for startups in the space sector. Managed by a professional manager, the fund aims to drive innovation in satellite technology, launch vehicles, and space applications, and support approximately 40 startups. By boosting employment across the space supply chain, the initiative seeks to position India as a leading space economy and foster a vibrant innovation ecosystem.
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Eyes In The Sky: 35 Indian Drone Startups Looking For A Major Pie
Inc42
·
1y ago
Medial
India has the potential to become a global drone hub by 2030, according to Civil Aviation Minister Jyotiraditya Scindia. With the government's efforts to support the drone ecosystem, including new schemes such as Drone Didi, the participation of people across the industry is expected to grow. The Indian drone market is projected to reach $13 billion by 2030, growing at a CAGR of 21% between 2022 and 2030. The article also provides a list of 35 Indian drone startups and their offerings, ranging from end-to-end drone solutions to drone-as-a-service and drone manufacturing.
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Macs give Apple a chunkier India pie
Livemint
·
1y ago
Medial
Apple has set a new revenue record in India for the ninth consecutive quarter, with its iPhones remaining the biggest seller. However, surprising figures also show a new record for sales of the company's Mac laptops and desktops in the June quarter. Experts suggest Apple's growth in Mac sales is driven by increasing enterprise demand, and estimate that revenues from the Mac portfolio in India grew 67% year-on-year. While iPhones still account for the majority of Apple's India revenue, the growth in Mac sales could help the company further penetrate the Indian market.
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Startups have key role to play in space sector: ISRO chairman
Economic Times
·
8m ago
Medial
India's space activities are set to be boosted by the private sector and startups, according to the Indian Space Research Organisation (ISRO) Chairman S Somanath. Speaking at a startup festival, Somanath outlined India's plans to increase its share of the global space market from 2% to $500bn by 2030 and $1.5tn by 2047. He called for increased private sector involvement, citing the potential for at least 500 satellites in space, and highlighted the growing number of space startups and investments in the sector. ISRO also plans to collaborate with the private sector on future projects, including the Gaganyaan mission and the Indian Space Station.
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SpaceX CEO Elon Musk Likely To Meet Spacetech Startups During India Visit
Inc42
·
1y ago
Medial
Elon Musk is expected to meet with Indian space technology startups during his visit to the country on April 22. Startups such as Skyroot Space, Agnikul Cosmos, Bellatrix Aerospace, and Dhruva Space have been invited by the government to talk to Musk. The meeting aims to showcase the technologies being developed by the startups and for Musk to learn more about their work. Additionally, the Indian government is reviewing Starlink's license application to launch satellite communication services in India. The Department of Telecommunications is expediting the process and considering a trial spectrum for Starlink's services.
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![Funding and acquisitions in Indian startups this week [2-7 Oct]](https://entrackr.com/storage/2023/10/Funding-image-7-oct-1.jpg)
