Browsing: Industry Updates

Ahmedabad-based startup Orbitt Space has raised US$1 million in a pre-seed funding round led by pi Ventures, with participation from IIMA Ventures.

360 ONE Asset’s Rs 500 crore VC fund will invest in seed and Series A startups across sectors including AI, fintech, spacetech, defence, and precision manufacturing

LIC-owned Paisalo Digital has approved the issuance of Non-Convertible Debentures (NCDs) worth up to ₹50 crore at a 10 per cent coupon rate, maturing in 24 months. Despite recent gains in May, the NBFC’s stock remains over 47 per cent down year-on-year.

Solar Defence and Aerospace (SDAL) successfully tested Bhargavastra, a low-cost counter-drone system, at the Gopalpur firing range. The system uses micro rockets to neutralize drone swarms, marking progress in India’s drone defense capabilities. Prime Minister Modi reviewed indigenous defence projects, including the Nagastra-3 loitering munition, highlighting advancements in India’s defence technology.

AI infrastructure startup Flam has raised $14 million in its Series A round, led by RTP Global, with participation from Dovetail and other strategic investors. With this capital, Flam aims to accelerate its mission of transforming how consumers engage with ads, retail environments, live broadcasts, and fan moments – all by making content and interfaces more immersive, interactive, and RoI-driven for brands.

This marks the company’s largest fundraise, comprising primary capital infusion and secondary stake sales.

IIT Bombay-incubated InspeCity raised $5.6 million to develop satellite life-extension and in-space servicing technologies. The startup will use the funds for R&D and commercialisation, targeting the $14B ISAM market. A demo mission is planned for 2027 to test its propulsion system in orbit.

Bengaluru: IIT Bombay-incubated spacetech startup InspeCity, which is building technology for satellite life-extension, announced it…

Bengaluru-based battery tech startup Volt14 has raised $1.87 million in a pre-Series A funding round led by Blume Ventures, with participation from Beyond Next Ventures, Spectrum Impact, Supermorpheus, and returning investor Cocoon Capital.

SatLeo Labs, a leading space-tech startup focused on capturing high-resolution thermal & visible data from…