Newspace: Newspace Nets $52 MN Funding for Defence Innovation
SUMMARY The round comprises $33 Mn of equity from marquee investors and $19 Mn debt from SBI’s startup hub and SIDBI Over 40% of the current investment comes from its existing investors In February 2022, the startup raised $21 Mn in its first round and aims to become a unicorn within five years. NewSpace Research […]
Bellatrix: Bellatrix Aerospace’s Green Revolution: The Push for Clean Satellites
SUMMARY Bellatrix Aerospace is looking to bring a sustainable future to satellite operations with its water-based propulsion system Founder Yashas Karanam claimed this ‘green propellant’ can result in over 60% reduction in handling costs compared to the widely used propellant hydrazine In addition to an electric propulsion system using air as fuel for ultra-LEO satellites, […]
Pavestone VC Closes Maiden Fund At INR 816 Cr
SUMMARY The VC firm is looking to invest in about 8-10 early growth stage companies with an average ticket size of $5-10 Mn In June, the tech fund secured INR 15 Cr (around $1.8 Mn) from Colruyt Group India, the engineering arm of Belgian food and grocery retailer Colruyt Group Pavestone VC primarily makes its […]