#vishesh rajaram

[indiaepost]

Budget 2024: Rs 1,000 crore VC fund to take Indian space startups to a higher orbit

 In order to take the Indian space sectors to a higher orbit, Union Finance Minister Nirmala Sitharaman on Tuesday said the government will set up a Rs 1,000 crore venture capital (VC) fund. Presenting her seventh budget for the country, she said the Union government will set up a Rs 1,000 crore venture capital fund to finance the space economy. Reacting to the announcement, Vishesh Rajaram,…

[don-lichterman]

As Capital Flows Slow, Startups Begin Layoffs | Bengaluru News

As Capital Flows Slow, Startups Begin Layoffs | Bengaluru News

BENGALURU/CHENNAI: Is the job market moving from the `Great Resignation’ phase to a `Great Layoff’ phase? There are signs of this in the startup world, though not yet in the broader tech world. The US Fed’s interest rate increases have led to a pullback of global capital flows, impacting the liquidity of startups. That in turn is pushing many startups to cut costs by laying off employees. Going…

[aksarnews]

Funding to deep tech startups doubles in 2021 - Times of India

Funding to deep tech startups doubles in 2021 – Times of India

CHENNAI: Despite a year marked by a funding frenzy for consumer tech ventures, deep tech startups managed to hold their ground and attracted more than double the investment as last year in 2021. Venture capital (VC) funding in deep tech enterprises -businesses working on deep science and technology solutions stood at 133 investments worth over $1.4 billion in 2021 (till Dec 15) up from 106 deals…

[bharatiyamedia-blog]

India's house startups ignite investor curiosity

http://tinyurl.com/yyeofdk2 MUMBAI (Reuters) – From corporations constructing palm-sized satellites to these aiming to propel satellites into house utilizing cleaner fuels, a brand new wave of house know-how startups are mushrooming in India, catching the eye of buyers eager to affix the house race. Bellatrix Aerospace CEO Rohan Ganapathy stands subsequent to a vacuum chamber at their laboratory in Bengaluru, India, June 22, 2019. Image taken on Juen 22, 2019. REUTERS/Ismail Shakil Bengaluru-based Bellatrix Aerospace, which desires to propel satellites into orbit utilizing electrical and non-toxic chemical thrusters, has raised $three million from a gaggle of buyers, co-founder Yashas Karanam instructed Reuters. Enterprise capital fund IDFC Parampara is main Bellatrix’s pre-Sequence A spherical. The household workplace of Suman Kant Munjal, who belongs to the billionaire household that controls Indian motorbike maker Hero MotoCorp, and Deepika Padukone, considered one of Bollywood’s largest stars, are two of the opposite seven buyers. In the meantime, Mumbai-based Kawa Area, which designs and operates earth remark satellites, has closed a seed spherical of an undisclosed quantity, considered one of its buyers, Vishesh Rajaram, managing associate at Speciale Make investments, instructed Reuters. Bellatrix and Kawa are two of over a dozen Indian startups creating satellites, rockets and associated assist techniques which might energy house missions serving a spread of industries. Their fundraising represents a giant leap in non-public house investments in India, a number one house energy however the place the federal government has loved a near-monopoly for many years. “No enterprise capital agency which does tech investments in India has invested an quantity of this dimension in house know-how earlier than,” mentioned Narayan Prasad, co-founder of on-line house merchandise market Satsearch, referring to Bellatrix’s funding. Apart from Bellatrix and Kawa, seven house know-how corporations in India are funded, in keeping with startup knowledge tracker Tracxn and interviews with buyers. Area know-how is crimson scorching thanks partly to exercise taking place 2,000 km (1,200 miles) above the earth within the low-earth orbit, a lot nearer and simpler to succeed in than the geostationary orbit the place many communications satellites function. Right here, small and cheaper satellites are snapping pictures utilized in all the pieces from crop-monitoring and geology to defence and concrete planning, bringing down prices and rising the frequency of pictures. ‘EXCITING TIMES’ Previously 5 years, some two dozen Indian startups have grown into unicorns – corporations with over $1 billion valuations – most betting on India’s rising middle-class and the patron growth at residence. India’s house know-how companies are a part of a brand new breed of startups, and buyers are paying consideration, given the surging international curiosity in all the pieces from house exploration to house holidays. Satellite tv for pc launches deliberate within the coming years worldwide give buyers confidence in such corporations, mentioned Bellatrix investor Jatin Desai, whose Parampara Capital collaborated with lender IDFC to type IDFC Parampara. “That provides us a big addressable potential market,” Desai mentioned. Over 17,000 small satellites may very well be launched between 2018 and 2030, consulting agency Frost & Sullivan estimates. “There may be cash to be made … These are thrilling instances for many entrepreneurs,” mentioned Rajaram, whose Speciale Make investments has guess on three house startups in India. LONG GESTATION PERIOD To make sure, buyers aren’t opening the coffers for India’s house startups in giant numbers simply but. Indian enterprise capital companies Maple Capital, Ideaspring Capital, Bharat Innovation Fund and 3one4 Capital, say they’ve held talks with house startups however are taking a wait-and-watch method. “The gestation interval is lengthy by the point you see returns,” mentioned Naganand Doraswamy, managing associate at Ideaspring, referring to the a number of levels of improvement, testing and authorities approvals concerned in house missions. The state-run Indian Area Analysis Group (ISRO), presently getting ready for its second lunar mission, has a monopoly on launching rockets in India. Nonetheless, Indian companies are free to make use of ISRO’s rockets or abroad launch companies reminiscent of Elon Musk’s SpaceX or New Zealand and Los Angeles-based Rocket Lab to ship satellites to house. Most Indian house startups are hopeful that parliament will go a long-pending house legislation, which is able to give readability on how non-public corporations can function within the sector. The administration of Prime Minister Narendra Modi has sought ideas from stakeholders for a draft Area Actions Invoice, which it has mentioned may “probably” be launched in parliament this 12 months. Bellatrix Aerospace’s first buyer is ISRO, which can be mentoring the corporate because it readies a water-based propellant to assist manoeuvre satellites in house. Bellatrix will not be the one firm racing to develop newer satellite tv for pc propulsion techniques, with not less than three others abroad reportedly engaged on comparable merchandise. The corporate says its techniques are reasonably priced, much less poisonous and far lighter, offering extra room for payload on satellites. “This would be the future,” co-founder Karanam mentioned. Reporting by Sachin Ravikumar and Ismail Shakil in Mumbai; Enhancing by Euan Rocha and Lincoln Feast. Our Requirements:The Thomson Reuters Trust Principles. Source link