Indian Startup News Ep 171: This Indian Startup Helped Chandrayaan 3

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This week's funding Notion: https://honored-hospital-c65.notion.site/W8-Q2-FY24-36b9eb78c69d4bb3a5e86fe0df779b94

FY24 funding notion: https://honored-hospital-c65.notion.site/cea977c397b346af91a022250b7654e3?v=205740096cff4378a51bb0a05bd0ee85

Notion graph: https://docs.google.com/spreadsheets/d/12Gugm80lFfI6jvJsWtDmL138XBFwxyA4560E6nfKtyI/edit#gid=0
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00:00 Omnipresent Robot Technologies helped Chandrayaan 3
02:12 Ultraviolette launches limited space edition of F77
02:54 DroneAcharya successfully tests reusable rocket launch vehicle
03:39 Mumbai Police files FIR against Rahul Yadav
04:22 28% GST Effect
05:04 Binny Bansal looking to start another e-commerce venture
06:20 Startups of the week
07:53 Funding news

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Omnipresent Robot Technologies helped Chandrayaan 3:

1.They have developed the Perception Navigation Software that captures the images from the rover’s two cameras, stitches them together and renders a 3D map of the moon’s surface.
2. Omnipresent has been working with ISRO for a while.
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Ultraviolette launches limited space edition of F77:

1. Ultraviolette wanted to mark India’s entry on moon with the launch of their own special space edition of their motorcycle F77.
2. As for the motorcycle, it’s pretty much the same as their standard F77 with the added benefit of having an aerospace grade paint and has also used aerospace grade aluminium.
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DroneAcharya successfully tests reusable rocket launch vehicle:

1. Their launch vehicle only managed to achieve an altitude of just 3km but they did manage to successfully land it using a parachute mechanism.
2. It looks like this test was just to get an idea about their burn rate and retrieve the launch vehicle successfully. They plan on conducting further tests to achieve heights of 10km and then 30-50km.
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Mumbai Police files FIR against Rahul Yadav:

1. The Mumbai Police has filed an FIR against Rahul Yadav and his founding member Sanjay Saini for cheating an advertising firm out of Rs 10 crore.
2. The complaint was filed by Interspace Communication’s director Vikas Noval for not making the payments for putting up more than 83 advertisement hoardings for Rahul’s company in Pune between April and August 2022.
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28% GST Effect:

1. Earlier this month, gaming unicorn Mobile Premier League (MPL) had to let go of 350 of their employees.
2. Now, we have another real money gambling startup Spartan Poker which has laid off another 125 people - which made up 40% of their workforce.
3. We also have another such gaming startup Fantok which ended up shutting down its operations after failing to make things work.
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Binny Bansal looking to start another e-commerce venture:

1. Binny Bansal, the co-founder of Flipkart, who has recently sold off his last remaining stake in the company he helped build from scratch, is now looking to start another venture in the e-commerce space.
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Funding news:

1. This week Indian startups raised 41.97 million dollars.
2. Zaggle - they raised 11.87 million dollars in their pre-IPO round, they’re a B2B fintech platform.
3. GradRight, a Hyderabad-based study abroad financing company, they raised 6 million dollars.
4. D2C babycare brand SuperBottoms raised $5 million in their series A1
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Media Handles:

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Podcast: https://open.spotify.com/show/5rGPalovc6AKsfbOyjh32p?si=a8d14e3221b24af4&nd=1

#startup #business #entrepreneur #chandrayaan3

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