Kepler Aerospace Raises $8 Mn To Launch Six Autonomous Surveillance Satellites

Source: inc42

Kepler Aerospace Raises $8 Mn To Launch Six Autonomous Surveillance Satellites

Business

"Bengaluru-based Kepler Aerospace has raised $8 million in its first external funding round to deploy six autonomous swarming ISR satellites under two iDEX contracts. The startup aims to reduce the delivery time of space-based intelligence from months to minutes. Additionally, Kepler will expand its mission operations and avionics-as-a-service businesses, move to a new facility, and hire 40 employees over the next 12 to 24 months.".

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Pernia’s Pop Up Shop Parent IPO: Issue Subscribed 20% On Day 2 So Far

Business

Pernia’s Pop Up Shop parent Purple Style Labs’ initial public offering (IPO) continued to see steady investor interest on the.

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Niyo To Acquire Capital India’s RemitX Forex Business For ₹11.4 Cr

Business

Fintech soonicorn Niyo has signed a definitive agreement to acquire the forex and cross-border payments business of listed financial services.

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Alteon Raises $2.5 Mn To Develop Long-Endurance Autonomous Aircraft

Business

Bengaluru-based startup Alteon has raised $2.5 million in pre-seed funding to develop wind-powered autonomous aircraft. Utilizing dynamic soaring technology, these aircraft aim to stay airborne for months or even over a year without refueling. The company recently demonstrated successful offshore flight tests. This technology targets persistent ocean monitoring, defense, and surveillance, contributing to India's rapidly expanding UAV market, which is projected to reach $1.39 billion by 2030.

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From $3.5 Bn To $200 Mn: upGrad Completes Unacademy Acquisition

Business

After months of negotiations and regulatory clearances, edtech major upGrad has completed its acquisition of Unacademy in a deal valued.

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upGrad wraps up Unacademy acquisition at $200M

Startups

upGrad has acquired Unacademy in an all-stock transaction valued at over $200 million, allowing upGrad to enter the online test-preparation market. This deal marks a significant decline from Unacademy's 2021 peak valuation of $3.4 billion. Despite the lower price, Unacademy CEO Gaurav Munjal described the move as a strategic decision rather than a financial emergency, citing the company's existing profitability and substantial cash reserves.

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7 Quotes from Deep Work for anyone struggling with focus

Startups

argues that the ability to concentrate without distraction is a rare and valuable skill in the modern age. By prioritizing meaningful tasks and resisting constant stimulation, individuals can achieve better results and greater personal fulfillment. Newport emphasizes that deep focus not only enhances productivity and skill acquisition but also shapes one's identity, providing a significant competitive advantage in an increasingly distracted world.".

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Yuma Energy raises $35M in Series A from Magna International

Startups

"Yuma Energy, a battery-swapping venture co-founded by Yulu and Magna International, has raised $35 million in Series A funding led by Magna International. The company plans to use the capital to expand its infrastructure across India, targeting electric two- and three-wheeler users. Having already completed 60 million swaps, Yuma Energy aims to broaden its customer base and achieve EBITDA-positive operations by the 2027 fiscal year.".

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Kepler Aerospace bags $8M to deploy swarming satellites

Startups

Bengaluru-based Kepler Aerospace will use the seed funding to deploy six swarming ISR satellites and expand its mission operations and avionics businesses.

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How Magron is building ‘Generation 2’ of electric vehicles

Startups

Bengaluru-based EV startup Magron is developing three electric motorcycles alongside technologies such as wireless charging and an AI-powered riding assistant.

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UPI Transactions Rise 4% MoM To Record 24.51 Bn In August

Business

"UPI transaction volume hit a record 24.51 billion in August, rising nearly 4% month-on-month, although the total value dipped slightly to ₹29.82 lakh crore. While adoption grows, the industry faces monetization challenges, with new legislation potentially enabling Merchant Discount Rates. Additionally, NPCI is enhancing interoperability for AutoPay mandates and expanding internationally to Uzbekistan, while PhonePe is targeting feature-phone users to further increase digital payment reach.".

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Ashwini Vaishnaw highlights 20-year vision for India’s semicon industry

Startups

India is building a comprehensive semiconductor ecosystem to reduce strategic dependencies and compete globally. Following the success of Semicon 1.0, which approved twelve projects, the government launched Semicon 2.0 with a Rs 1.27 lakh crore outlay. This initiative targets the entire value chain, from chip design and fabrication to packaging and talent development. While commercial production has begun, the first silicon fab is expected by 2028.

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The Festive Delivery Squeeze

Business

Festive shopping has always involved some last-minute panic. A forgotten gift, an extra box of sweets or a beauty order.

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Yuma Energy Bags $35 Mn To Expand Its Battery Swapping Network

Business

"Yuma Energy, a joint venture between Magna and Yulu Energy, has raised $35 million in Series A funding from Magna International. The startup aims to expand its battery swapping network across India, enhance its tech platform, and broaden its customer base to include fleet operators and OEMs. With over 2,500 stations already operational, Yuma targets EBITDA-profitability by FY27 as the Indian EV market grows rapidly.".

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Magna increases bet on battery swapping in India with $35M for Yuma

Startups

Magna International is investing an additional $35 million in Yuma Energy, a Bengaluru-based battery-swapping firm for electric two- and three-wheelers. Targeting India's growing gig economy, Yuma aims to reduce vehicle downtime for delivery riders. The capital will be used to double Yuma's battery fleet and expand its infrastructure across Indian cities. While not yet profitable, the company plans to reach EBITDA break-even within two quarters.

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EquityList launches AI-native cap table and compliance OS

Startups

EquityList has launched an AI-native cap table and compliance operating system designed to streamline equity management. The platform integrates agentic AI to analyze documents, identify compliance gaps, and draft grants, transforming a traditional system of record into a system of intelligence. Serving over 650 companies globally, EquityList ensures security through human-in-the-loop approvals and strict certifications, enabling finance and HR teams to manage complex equity operations efficiently.

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Zepto’s New Game Plan, Layoffs At Zomato & More

Business

Zepto is prioritizing profitability by reducing discounts and launching a paid loyalty program following its IPO postponement. Meanwhile, Zomato has laid off 240 employees in Hyderabad to consolidate operations. In other news, Satvacart has shut down, and Bira91 faces insolvency threats. Electric two-wheeler sales declined in August, while Vimag Labs is developing rare earth magnet alternatives to reduce India's dependence on Chinese imports for EV motors.

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Zenergize Bags $4 Mn To Scale Production Of Its EV Chargers

Business

"Clean tech startup Zenergize has raised $4 million in a Pre-Series A funding round led by Giraffe Studios to expand its EV charger and solar inverter production. Founded by IIT Bombay alumni, the company plans to scale its R&D, grow its sales team, and establish a new facility in Delhi NCR. Zenergize currently reports an annual run rate of ₹35-40 crore, targeting significant growth by 2026.".

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How Tim Cook turned India into Apple’s growth engine; NIIF raises Rs 19,000 Cr infra fund

Startups

Zomato implemented a zero-tolerance policy for analogue dairy products following food safety crackdowns. India notified its Rs 1,27,500-crore Semicon 2.0 scheme to boost semiconductor design and manufacturing. Apple's Indian sales exceeded $10 billion, with 55 million iPhones assembled locally. Additionally, NIIF raised Rs 19,000 crore for infrastructure, Chile is building the Extremely Large Telescope, and the Bank of England warned about AI's financial risks.

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Zepto’s Retention Play: Fewer Discounts, Premium Carts & A Paid Club

Business

Before we turn the talk to Zepto’s IPO delay and how the company is looking to address the one problem.

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