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NGLV, Ganganyaan tech to help India’s space tourism take off

Economic TimesEconomic Times · 10m ago
NGLV, Ganganyaan tech to help India’s space tourism take off
Medial

- Indian Space Research Organisation (ISRO) is working on vertical take-off and vertical landing (VTVL) technology for their Next Generation Launch Vehicle (NGLV). - The development of VTVL will be carried out through a small-scale vehicle and will incorporate technology from the upcoming Gaganyaan Mission. - The small-scale rocket will also be used for an Indian Space Tourism project, following the model of international initiatives like Virgin Galactic, Blue Origin, and SpaceX. - NGLV will require advanced navigation systems, deployable landing legs, steerable grid fins, and advanced avionics. - Manufacturing, especially the transportation of large-sized tanks and structures, is a key challenge in cracking the reusable market. - ISRO aims to leverage the Moon as a launching ground for deeper space exploration, similar to the Artemis program.

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Holiday Tribe raises Rs 5.4 Cr from Powerhouse Ventures and GSF

EntrackrEntrackr · 10m ago
Holiday Tribe raises Rs 5.4 Cr from Powerhouse Ventures and GSF
Medial

Travel-tech startup Holiday Tribe has raised Rs 5.4 crore in its seed round led by Powerhouse Ventures and GSF with participation from notable investors including Dinesh Agarwal and Dinesh Gulati of India Mart, Murugavel Janakiraman of BharatMatrimony.com and actor Gaurav Kapur. The proceeds will be used to strengthen the brand’s tech capabilities, supply network, and brand-building initiatives. Founded by ex-MakeMyTrip executives Anshu Sharma and Chirag Goyal in 2023, Holiday Tribe offers customizable holiday experiences across destinations, catering to family and friends, couples and honeymooners, adventure-seekers, and those looking to explore newer or unexplored destinations. The Gurugram-based startup claims to have a supply network of more than 100,000 hotels across the globe and partnering with more than 10 tourism boards including Mauritius, Dubai, Switzerland, Qatar, Thailand, Singapore, and Australia. The brand has curated holidays to more than 30 destinations across the world with endless options for customization. According to a FICCI-Nangia knowledge paper, India’s outbound tourism market is expected to reach $18.81 billion in 2024 and grow at a CAGR of 11.4% in the decade between 2024 and 2034 to reach approximately $55.38 billion. Likewise, India’s online travel market is expected to grow at a CAGR of 10.5% between 2024-29, from $17.24 billion to $28.40 billion.

Space-tech startup Omspace raises $3 Mn in pre-seed round

EntrackrEntrackr · 25d ago
Space-tech startup Omspace raises $3 Mn in pre-seed round
Medial

Snippets Space-tech startup Omspace raises $3 Mn in pre-seed round Omspace Rocket and Exploration, an Indian space-tech startup incubated at CrAdLE (Centre for Advancing & Launching Enterprises), has raised $3 million in a pre-seed funding round from a Family Office and an Angel Investor. The proceeds will be utilized to finalize and begin test launches of the Infinity One prototype, expand its research & development team, and hire specialized talent to strengthen manufacturing infrastructure and ground systems, Omspace said in a press release. Co-founded in 2020 by Ravindra Raj Binod Mistri, Maulik Mota, and Stutika Padamshali, Omspace's flagship innovation, Infinity One, aims to deliver payloads of approximately 350 kg to altitudes of up to 800 km. With an emphasis on fuel efficiency and cost-effectiveness, the launch system seeks to offer a reliable launch solution for India’s growing space-tech sector. The Ahmedabad-based startup plans to improve access to space by developing reusable launch vehicles for small and nano satellites. It seeks to make space exploration more accessible for emerging markets. “This funding is a major milestone in our mission to democratize access to space from India. We are deeply thankful to CrAdLE and EDII for believing in our vision and enabling us with the resources, mentorship, and environment to take bold leaps,” said Mistry. Omspace claims that it has recently expanded its international presence through its UAE branch, OSRE FZC, with a first commercial launch planned for January 2028.

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