{
Awais Ahmed

People

}
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Pixxel secures additional 24 million dollars in Series B funding round

Bengaluru-based space tech startup Pixxel has successfully closed its Series B funding round, raising an additional $24 million, bringing the total to $60 million. New investors M&G Catalyst and Glade Brook Capital Partners joined existing backers like Google and Lightspeed. Overall, Pixxel has raised $95 million across all funding rounds, capitalizing on the growing interest in India's space tech sector, projected to reach $44 billion by 2033.
Moneycontrol
United States Dollar Google Inc. Glade Brook Capital Partners LLC Lightspeed Commerce Inc. IND Awais Ahmed Kshitij Khandelwal Show more
Technology & Innovation, Press Release
12:14 09.12.2024

India launches 1000 crore venture capital fund to boost space sector innovation

The Union Cabinet has approved a Rs 1,000-crore venture capital fund aimed at boosting India's space tech ecosystem, initially announced by Finance Minister Nirmala Sitharaman in July. This fund will support startups with investments ranging from Rs 10-60 crore, fostering innovation in satellite technology, launch vehicles, and space applications. Awais Ahmed, CEO of Pixxel, emphasized that this initiative is crucial for driving impactful innovation both domestically and globally.
Moneycontrol
Indian Rupee Pixxelspace India Ltd. IND Awais Ahmed Nirmala Sitharaman
Technology & Innovation, News Article
12:58 24.10.2024
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