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VC fundraising hits wall; WhatsApp’s new privacy headache
Indian VC firms are facing their hardest fundraising year in a decade as LPs tighten filters and demand cash returns. This and more in today's Morning Dispatch.
Instant househelp orders jump; Agnikul eyes new funding
Happy Monday! Instant house help startups collectively reached three million monthly bookings in April. This and more in today's ETtech Morning Dispatch.
Tamil Nadu govt invests Rs 25 crore in space startup Agnikul Cosmos
The latest investment would help accelerate Agnikul's operational readiness, supporting the scaling of its aerospace manufacturing capabilities, advancing its stage recovery program, and strengthening the development of its integrated space campus on the 300 acres allocated by the Tamil Nadu government near Kulasekharapatnam.
Agnikul unveils plans to build fully-resusable rockets
Chennai-based space startup Agnikul Cosmos announced at the International Astronautical Congress in Sydney that its future rockets will be fully reusable, aiming to offer globally competitive satellite-launch services. The company emphasised that no part of its rockets will be discarded, following last year’s sub-orbital test of it 3D-printed rocket Agnibaan SOrTeD.
Getting to space is incredibly tough. Agnikul is doing it on a 3D-printed rocket engine
It took just 6.5 years for Chennai startup Agnikul Cosmos to use a rocket with a 3D-printed engine. It promises to revolutionise spacetech.
Agnikul eyes launching satellites by 2025: CEO Srinath Ravichandran
Agnikul's first test flight of Agnibaan SOrTeD (suborbital technology demonstrator) on May 30, which lasted for 66 seconds, came after four unsuccessful attempts.
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Agnikul eyes to launch satellites by 2025: CEO Ravichandran
"Nine to 12 months I would say. Probably by the end of this financial year or the early part of the next financial year is what we are targeting," Ravichandran said when asked about the commercial orbital launch of the Agnibaan rocket.
Space startup Agnikul Cosmos calls off maiden rocket launch for a fourth time
India's Agnikul Cosmos delayed the Agnibaan rocket launch to test igniter performance. The rocket can carry 300 kg to orbits 700 km high. Skyroot launched India's first privately developed rocket in 2022 from ISRO's site.
Online eats into offline; Agnikul defers rocket launch
The rapid adoption of quick commerce and food delivery apps is eating into the sales of retail, and quick service restaurants. This and more in today’s ETtech Top 5.
Spacetech startup Agnikul registers revenue of Rs 2.9 crore, losses jump to Rs 20 crore for FY23
Agnikul designs, develops and tests propulsion systems and other such satellite launch vehicle-related structures as well as the software that helps suborbital, orbital and deep space launches of lightweight and heavy payloads satellites.
ETtech Exclusive: Google’s Jeff Dean interview; VCs scrutinise corp governance amid rising lapses
Happy Tuesday! In the backdrop of the buzz surrounding Generative AI, Jeff Dean, the chief scientist of Alphabet Inc’s merged AI entities (DeepMind and Google Brain) sat down with ETtech’s editor Samidha Sharma for an exclusive chat at the tech giant’s headquarters in Mountain View, California.
Tata Digital's Esop delay; inside Nithin Kamath's Rainmatter
Hit by top-deck exits in the past year, Tata Digital, the ecommerce arm of the Tata Group, is trying to assuage senior executives who are still waiting for the stock option component of their pay. This and more in today’s ETtech Morning Dispatch.
Jio Financial’s Q2 report card; Invesco raises Swiggy's valuation
Jio Financial Services, which was recently spun off from Reliance Industries and listed as a separate entity, made a strong showing in the September quarter.
Space-tech startup Agnikul Cosmos raises over $26 million from Celesta Capital, Rocketship
The firm did not disclose the valuation at which it raised the capital, but cofounder and chief executive Srinath Ravichandran said it was higher than the valuation assigned to the firm in the previous fundraising rounds, without giving further details.
Chennai-based Agnikul prepares for maiden sub-orbital flight of Agnibaan rocket
Chennai-based Agnikul Cosmos is preparing for the sub-orbital test flight of its 3D-printed rocket Agnibaan SubOrbital Technological Demonstrator (SOrTeD) from its launch pad at Sriharikota. The single-stage rocket is powered by an Agnilet semi-cryogenic engine that was integrated with Agnikul's launch pad earlier this week. The rocket will serve as a validation of the company's autopilot, navigation and guidance algorithms, according to Srinath Ravichandran, co-founder and CEO.
Agnikul Cosmos starts its first launchpad & mission control center at Sriharikota
The facility was designed by Agnikul, a Chennai-based start-up which was incubated at the Indian Institute of Technology, Madras (IIT Madras). The project was executed in support of ISRO and IN-SPACe. It has two sections - the Agnikul launchpad (ALP) and the Agnikul mission control center (AMCC).
Space tech startup Agnikul opens India's first rocket engine factory in Chennai
he 10,000-square-foot facility is located at IIT-Madras Research Park. It will have a 400mm x 400mm x 400mm metal 3D-printer from EOS that will enable end-to-end manufacturing of a rocket engine under one roof
Space tech startup, Agnikul unveils locally manufactured rocket engine in Dubai
Agnilet is the world's first single-piece 3D printed engine fully designed and manufactured in India, and was test-fired in early 2021 by Agnikul.
India set to witness its SpaceX moment soon: Agnikul CEO
Last month, Chennai-based Agnikul Cosmos received the nod by the Department of Space to carry out multiple tests and qualify its single piece 3D-printed semi-cryogenic engine and other systems of its rocket at various ISRO centres.
ETSA 2021: And the winners are...
Today, it's our pleasure to announce the winners of India's most prestigious recognition for Indian entrepreneurs.
ETSA Alumni: Where are they now?
The previous winners of the ET Startup Awards (ETSA) have stood out in a crowded startup ecosystem and gone on to become successful businesses. We look at a few of them from previous editions of the awards.
Inside IIT Madras’ deep-tech startup incubator
With 240 startups valued at Rs 10,500 crore incubated over eight years, IIT Madras is India’s hi-tech haven.
Agnikul raises $11 million in funding led by Mayfield India
The funding round also saw participation from Beenext, Globevestor, LionRock Capital, apart from prominent angels Anand Mahindra, Naval Ravikant, Nithin Kamath and Balaji Srinivasan
ET Startup Awards 2020 | And The Winners Are...
The pandemic brought out the true mettle of startups in India as entrepreneurs faced emotional, mental and physical challenges, and came up with durable solutions. ET Startup Awards recognises the winners.
AgniKul partners with Alaska Aerospace to launch from Pacific Spaceport Complex
While Alaska Aerospace Corporation was established in 1991 by the state of Alaska, USA, to develop a high technology aerospace industry in the state.
ET Startup Awards: Rolling out the red carpet for nominees of Bootstrap Champ, Top Innovators
Check out the entrants in Bootstrap Champ and Top Innovator sections.
Aiming for the stars: Startups are charting course for the final frontier
The new focus could help India’s space economy, estimated to be 2% of the $360 billion global market, touch $50 billion by 2025, as envisaged by a PwC report in January. Bulk of the growth would come from downstream business such as services and ground applications.
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