FutureTech

Even as the global startup ecosystem begins to talk about a slowdown in dealmaking due to macroeconomic challenges, Indian companies raised more than $10 billion in the first quarter of 2022, up from $5.7 billion in the same time of 2021, according to Venture Intelligence statistics. Because official deal announcements often take a few months after closing, the record-breaking first quarter funding data does not account for the present downturn. A rise in US interest rates, rising geopolitical tensions as a result of Russia’s invasion of Ukraine, record-high fuel prices,…

Pixxel, a spacetech startup, has successfully launched its first full-fledged commercial satellite, dubbed ‘Shakuntala,’ using SpaceX’s Falcon-9 rocket, which is run by Elon Musk. ‘Shakuntala,’ Pixxel’s first fully-fledged satellite, hosts one of the highest resolution hyperspectral commercial cameras ever flown to orbit, putting the company one step closer to developing a 24×7 health monitor for the globe, according to the company. This launch, which took place on Friday on SpaceX’s Transporter-4 mission from Cape Canaveral, Florida, gets the business closer to completing its ambitious aim of assembling one of the…

GarageWorks, a Pune-based technology-enabled B2C startup that provides two-wheeler servicing to customers through a convenient at-home process, announced that it has raised $1 million (Rs 7.5 crore) in a pre-Series A funding round led by Hiten Shah, Gowri Narayanan, Ram Trichur, Fred Towfigh, Abhijeet Kumar, and Munendra Singh (ex-founders of BB Daily). Following an initial angel round, this is the company’s second round of funding. Dr. Aniruddha Malpani, Pawan Sharma (ex-CEO of KPIT Technologies), Gautham Radhakrishnan, and Gaurav Malhotra were among the existing investors who took part in this round….

Vedantu, an edtech startup, announced on Thursday that it is on pace to be “IPO-ready” in 18-24 months and is optimistic about India’s market prospects, which give plenty of room for expansion. The scorching pace of growth in online learning has slowed a little as COVID-19 cases fade and offline learning modalities emerge, but the business is still producing impressive growth numbers, according to the report. According to the business, 90-95 percent of the industry is still untapped, giving edtech companies plenty of room to grow. Vedantu stated that it…

Stanza Living, a coliving operator, has acquired Singularity Automation, an enterprise Internet of Things (IoT) platform, in an all-cash purchase to strengthen its technological ecosystem. The sale value was not disclosed by Gurugram-based Stanza Living, which provides managed lodgings to students and working people. Stanza Living stated in a statement that the acquisition will improve its in-house technology ecosystem, which acts as the company’s backbone. It will also help the company focus more intensely on building highly customised IoT-based solutions for the managed accommodation sector. Singularity Automation, backed by IvyCap…

OneCode, a platform that connects financial businesses with on-the-ground resellers, has raised $13 million (about Rs 100 crore) in a new round of funding headed by General Catalyst, according to a prepared statement released on Thursday. Existing investors in the round included Sequoia Capital India’s Surge, Nexus Venture Partners, and Waterbridge Ventures. Angel investors included Vidit Aatrey and Sanjeev Barnwal, cofounders of Meesho; Madhusudanan R, inventor of M2P; Vikas Choudhary, president of Reliance Jio, DSP Family Office, and Reddy Futures Fund, among others. The funds will be used to hire…