Spacetech startup articles
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Spacetech startup Digantara chosen for Australia-backed debris management project
Spacetech startup Digantara, which focuses on space situational awareness (SSA), has been chosen for a joint industry space mission called Mission for Australia-India's Technology, Research and Innovation (Maitri) to manage debris in space.The mission, led by Space Machines Company, has won over AUD $8.5 million (Rs 46 crore) in grants from the Australian Space Agency as a part of the International Space Investment (ISI) India Projects programme.Founder and CEO Anirudh Sharma told ET that...
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Startup twists & turns on IPO street; and other top tech and startup stories this week
Food and grocery delivery company Swiggy on Friday confidentially filed its draft documents for an initial public offering (IPO) with stock market regulator Securities and Exchange Board of India (Sebi), sources told us.109639958The Bengaluru-based company has filed for a $1.25-billion public issue through the confidential route, whereby draft red herring prospectuses (DRHPs) are not released to the public. This came a day after Swiggy’s shareholders approved its IPO plan, which includes a fresh...
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AI startups: Good Capital plans to invest $25 million in Indian AI startups this fiscal
Mauritius-based venture capital firm Good Capital on Friday said it plans to invest USD 25 million, about Rs 200 crore, in Indian AI startups this fiscal. The investment will be made from the corpus of USD 50 million Good Capital Fund II, which is expected to be used by 2027. "The total fund is USD 50 million which is planned to be used by 2027. Out of which Good Capital is deploying USD 25 million in AI startups empowering intermediaries and plans to deploy this by 2025," Arjun Malhotra,...