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Farhan Raza

Founder And CEO Give... • 5m

Here’s a summary of today’s startup news in India: Bengaluru-based space tech startup Pixxel, backed by Google, successfully launched three hyperspectral imaging satellites via a SpaceX rocket from California, marking India's first private satellite constellation. This milestone aims to benefit sectors like agriculture, mining, and environmental monitoring, with plans for additional satellites later this year. Meanwhile, the Beauty&You Awards 2024, organized by Estée Lauder's New Incubation Ventures and Nykaa, celebrated innovative beauty startups in India by offering financial support and mentorship. On a controversial note, beauty startup YesMadam faced backlash for a marketing stunt involving a fake layoff announcement, later clarifying its intention to highlight workplace mental health issues. In funding news, various startups, including Snabbit, KisanKonnect, and Chelvies Coffee, raised significant amounts, while US-based VC firm SamVed introduced a $50 million fund for early-stage Indian startups. These developments showcase the diverse and rapidly growing startup ecosystem in India.

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