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Wednesday

5 stories you need to know from India's startup ecosystem.

5Stories
3Min Read
01
SaaS & Tech 4 min read

GalaxEye Has Won A US Patent For OptoSAR, Months After Losing The Satellite That Proved It

One fact is missing from most accounts of this announcement. Mission Drishti, the satellite that carried OptoSAR into orbit on 3 May, has been reported lost. About two months after launch it was deemed a failure followin…

02
Funding 5 min read

Adani Airport Holdings Is Raising ₹9,825 Crore At An $18 Billion Pre-Money Valuation

The sentence to notice is the one about funding strategy. AAHL has built itself on debt and project finance. This is the first time it has sold a meaningful equity stake to outside institutions. That matters because leve…

03
Funding 6 min read

QNu Labs Raises ₹200 Crore, More Than Its Entire First Decade Combined

The commercial case for quantum-safe cryptography rests on a peculiar kind of threat, and it is worth stating precisely because it explains why governments are setting deadlines for a machine that does not yet exist. Enc…

04
Funding 7 min read

Exclusive: Marmalade Raises ₹6 Crore Selling Whiskey Where It Keeps ₹358 of a ₹1,750 Bottle

The product thesis is narrow, unfashionable and probably right. Whiskey is an acquired taste, and the industry has treated that as a feature. The burn, the bitterness, the long aftertaste, the idea that you should learn …

05
Funding 6 min read

Circolife Raises $4.5M to Rent Out Air Conditioners It Has to Buy First

There is a neat piece of incentive design at the centre of this business, and it is worth spelling out because it is the reason the model is interesting at all. When a business buys an air conditioner, the person who sol…

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