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News on Medial
Moonshot boom: behind spurred investment in India’s thriving space sector
Economic Times
·
11m ago
Medial
Chandrayaan-3's successful landing near the Moon's south pole has attracted significant investments to India's space sector, solidifying its position as a leading spacefaring nation. The government's policy reforms and the establishment of IN-SPACe had already encouraged private sector participation, but Chandrayaan-3 amplified investor interest. However, experts believe that even without this mission, India would have attracted investments due to its potential to capture a significant portion of the global space economy. Challenges in the commercialization of space technologies include a niche and competitive marketplace, pricing constraints, limited demand, and a lack of visibility of long-term demand.
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Alibaba leads record $1 billion investment in Chinese AI firm Moonshot
Economic Times
·
1y ago
Medial
Alibaba Group has led a $1 billion funding round for Chinese artificial intelligence (AI) startup Moonshot AI, boosting the firm's valuation to around $2.5 billion. Moonshot AI, founded in March 2023, aims to develop generative AI technology to compete with OpenAI and Google. This investment is part of Alibaba's strategy to invest in game-changing technologies like AI while reviving its business amid regulatory scrutiny and an economic downturn. Despite concerns about US sanctions on Chinese AI firms, venture capital investment in the sector remains strong.
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Why PhysicsWallah backer WestBridge is still keen on edtech despite Byju’s downfall
VCCircle
·
4m ago
Medial
WestBridge Capital remains optimistic about India’s edtech potential despite Byju’s challenges. As a backer of PhysicsWallah and Adda247, WestBridge sees continued growth opportunities in the sector. The firm’s co-founder, Sandeep Singhal, emphasized their investment interest in the thriving edtech market. This confidence persists even as the pandemic-era surge that boosted many edtech startups fades, indicating a belief in the long-term viability and expansion of online education platforms in India.
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Startup news and updates: Daily roundup (April 28, 2025)
YourStory
·
3m ago
Medial
India’s startup ecosystem sees significant developments, with late-stage funding surging despite challenging markets. Companies like Ather Energy and Urban Company are reducing IPO offer sizes, while some await better economic climates. Fittr, a thriving wellness platform, faced financial setbacks from profit loss during the pandemic-driven boom. Meanwhile, Perfios, a fintech SaaS unicorn, acquired IHX, marking its third acquisition this year. Notably, 72-year-old Vidya Singh became India's oldest woman to summit Mount Kilimanjaro.
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Next Indian astronaut will travel in indigenously built spacecraft: Jitendra Singh
Economic Times
·
11d ago
Medial
Union Minister Jitendra Singh announced that the next Indian astronaut will travel in an indigenously built spacecraft, reflecting India’s advancements in space technology. Shubhanshu Shukla's participation in the Axiom-4 mission provided valuable experience for India's Gaganyaan project. India is also developing its own space station, expected to be operational by 2035, named Bharat Space Station. The government’s decision to open the space sector to private players is poised to boost India’s space economy significantly.
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Former ISRO chairman advocates for space parks across India
Economic Times
·
5m ago
Medial
Former ISRO Chairman S Somanath emphasized the need for 'Space Parks' across India to boost technology in space-sector startups. At the Global Investors' Meet Invest Karnataka 2025, he highlighted government's clear policy for private sector participation. Somanath sees opportunities in satellite operations and infrastructure. Emphasizing venture capital and financial support, he encouraged leveraging accessible data for innovation. The event underscored collaborative government and private efforts enhancing India’s role in the global commercial space industry.
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Can India’s New Space Missions Launch The Country’s Spacetech Startups Into A New Orbit?
Inc42
·
9m ago
Medial
- India's growing presence in space exploration attracts international partnerships and funds to the spacetech ecosystem. - The Venus Orbiter Mission and other space programs enhance the confidence of international investors and customers. - The collaboration between the government and private sector is paving the way for a thriving Indian spacetech ecosystem. - By 2030, the Indian spacetech market is projected to exceed $77 billion. - Increased investments and collaborations are driving innovation and growth in the Indian spacetech industry. - India's space exploration initiatives are transforming it into a global hub for spacetech innovation.
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India's quick-commerce frenzy is unsustainable: TVS Capital's Srinivasan
VCCircle
·
5m ago
Medial
TVS Capital's Chairman, Gopal Srinivasan, expressed skepticism about India’s quick-commerce boom, labeling it unsustainable and reliant on private equity or venture capital funding. Despite rapid growth, with projections reaching $6 billion in annual sales by 2024, Srinivasan views such trends as passing fads lacking long-term viability. He noted investments in this sector follow the "greater fool theory" and highlighted TVS Capital's shift towards more stable financial services investments, alongside successful past ventures like PhonePe and Nykaa.
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NASSCOM Report: Micro-Startups boost India’s economy
Inshorts
·
3m ago
Medial
India’s startup boom is being driven by micro-ventures, as revealed in the 2024 NASSCOM report. With under 10 employees and minimal capital, these businesses generated ₹50,000 crore in 2023. Solving hyper-local problems through tech and frugality, they reflect a shift toward lean innovation, reshaping India’s economy from the grassroots and fueling its $5 trillion ambition.
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Bain Capital backs Dhoot Transmission in second India auto-component bet
VCCircle
·
6m ago
Medial
Bain Capital is acquiring a significant minority stake in Dhoot Transmission Group, marking its second recent investment in India’s auto component sector. This move aims to enhance Dhoot’s innovation and global expansion. Bain had previously invested in RSB Transmission. India’s auto component sector is attracting private equity despite a slowdown in the broader auto industry post-pandemic. Dhoot Transmission, founded in 1988, specializes in wiring harnesses and other automotive components.
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Space 2.0: India enters era of research, private investment to boost space tech
Livemint
·
1y ago
Medial
At the Mint India Investment Summit & Awards 2024, players from India's space sector discussed the rise in ancillary space startups. Challenges such as access to capital and the long gestation period for space tech prototypes were highlighted. However, panelists expressed optimism about the sector's growth potential, citing India's heritage in space technology and the emergence of innovation from the private sector. They also emphasized the need for domestic and foreign investment, support from ISRO, and the potential for a $100 billion space economy by 2040.
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