YourStory Media

With the world’s eyes on India’s affordable space launches, it's AgniKul Cosmos’ time to shine 🚀 Agnikul is demonstrating cost-effective launches using 3D-printed rocket engines. Its Agnilet engine, first test-fired in 2021, is the world’s first single-piece 3D-printed semi-cryogenic rocket engine. Take a look at its journey over the years 👇 https://lnkd.in/gESf3R25 Both Agnikul and Skyroot are leveraging 3D printing’s potential to create lighter, more adaptable, and potentially more affordable launch vehicles. Agnikul Co-founder and COO Moin SPM explains that 3D printing was a “game changer” for Agnikul, reducing the time to ready a rocket engine from around 10 months to three days. By 2028, the startup plans to launch 50 rockets a year. Orbital launches achieve enough velocity to stay in orbit around the planet. In contrast, sub-orbital launches reach space but do not maintain enough speed to orbit the planet and typically return to Earth relatively quickly. Agnikul plans to achieve orbital launch within the next 9-12 months. Moin adds that the firm has received significant interest from numerous potential customers and is actively engaging with four for orbital launches. The startup is also in contact with customers building constellations, which involve repeated sets of launches. Agnikul has received inbound interest from geographies like Europe, Australia, and Japan. It is also planning to get a foothold in the US market. ISRO - Indian Space Research Organization’s established reputation for affordability and success in the global space ecosystem benefits all customers, Moin says, adding that in the next ten years, 15-20% of the global space market share could come to India. India sits at a prime spot in the global space economy with innovative low-cost solutions. Its space sector, which accounted for approximately 2.1% of the global space economy in 2020 amounting to $9.6 billion, is set to grow to $13 billion by 2025 at a compound annual growth rate (CAGR) of 6%. The growth will be fuelled by the opening up of the commercial space economy and the participation of startups including Pixxel, Dhruva Space, and Bellatrix Aerospace to drive innovation in both space launches and downstream technologies like remote sensing. Read more about Agnikul's innovation beyond 3D printing 👇 by Ishan P. | #Space #Startups

Flipkart and Accel-backed truck operator BlackBuck (Zinka Logistics Solutions Pvt. Ltd.) has filed draft #IPO papers with #SEBI to raise Rs 550 crore through a fresh issue of shares. 📈 According to the draft red herring prospectus (DRHP) filed with SEBI and BSE, the float includes an offer for sale (OFS) of 21.6 million shares by existing shareholders. Here's how the funds will be used: - Rs 200 crore for sales and marketing  - Rs 140 crore to inject into its NBFC, BlackBuckFinserve, for financing the augmentation of its capital base  - Rs 75 crore for product development by Akshita Toshniwal | Rajesh Yabaji Chanakya Hridaya Ramasubramanian B 🔗 Read more on the link in our comments section 👇

In today's fast-paced #tech environment, upskilling is crucial. Yet, even top performers struggle to keep up with rapid advancements. 📈 Enter edForce! Founded by Ravi Kaklasaria and MRINAL BAGARIA, this Bengaluru-based edtech #startup is revolutionising workforce training with personalised, adaptive learning. They bring 25 years of #edtech experience and a passion for integrating AI and emerging technologies into the workspace. 🎓 Unlike others, #edForce offers end-to-end training cycles that ensure you acquire practical, real-world skills beyond just theoretical knowledge. Top clients include Infosys, Walmart, Siemens, Sony, and HCLTech, and they've trained employees from 150+ enterprises across various industries. 💰 In FY24, they achieved Rs 28 crore in recurring #revenue and aim to reach Rs 100 crore by FY26. by Abha Warrier 🔗 Read more on the link in our comments section 👇

The Finance Minister wraps up extensive consultations for the FY25 Budget! 📊 Explore the key takeaways, policy directions, and economic priorities as India prepares for the upcoming financial year.

#FundingWithYS💰 The total VC funding for the first week of July was $257 million across 21 deals. In comparison, startups had raised a total funding of $106 million last week. Key highlights - 💰 Purplle raised $120 million from a subsidiary of the Abu Dhabi Investment Authority (ADIA) and other investors. 💰 OYO secured Rs 416.85 crore ($50 million approx.) from InCred Wealth and Investment. 💰 Rare Rabbit received Rs 150 crore ($18 million approx.) from A91 Partners, NKSquared, Gruhas Proptech, Ravi Modi Family Trust, and Vedant Modi. Purplle.com Emcure Pharmaceuticals Limited OYO Rare Rabbit Read more here: https://lnkd.in/g5rXqHTc

One event you can't miss. Watch Shradha Sharma, CEO of YourStory Media engage in fascinating conversations with leading business leaders and entrepreneurs at TamilNaduStory2024 in Namma Chennai. When: July 19, 2024 Where: Hyatt Regency, Chennai Click on this link to learn more and book tickets: https://lnkd.in/gDigu3uc Use this code for special discounts: TNSTORYSE25 Cheers! 🥂 Kuppulakshmi Krishnamoorthy C K Kumaravel Suresh Kalpathi TCM Sundaram Dharaneetharan G D Madan Gowri

💡 Get a shot of inspiration served fresh with YourStory's newest drop: #TechTonicShow! 🌟 In our 15th episode, we sit down with Maveric Systems Limited Executive Director & CTO Muraleedhar Pai. Muralee talks about his unlikely tech heroes growing up and how he became a techie by a twist of fate. The IISc alum also reminisces about how he used to tinker around with things like watches by opening them up, growing up. 🎙️ Find out why he loved Casio watches as a young boy and how he made a makeshift radio with a telephone. Tune in for his advice to budding techies and why he believes India offers an opportunity like no other. #InnovationJourney #Maveric #TechTales | Ramarko Sengupta Watch now - https://lnkd.in/g8h8d3h5

Enterprise AI platform Glean Technologies has inaugurated its first office in Bengaluru, covering 26,000 square feet. This office will serve as the hub for #finance, sales, R&D, and business operations in India. Founded by Arvind Jain, T.R. Vishwanath, Tony Gentilcore, and Piyush Prahladka in 2019, Glean provides enterprise search and knowledge management solutions. Glean aims to expand its #workforce from 150 to over 450 and is recruiting from top IITs. The firm has also developed advanced conversational AI assistants and is growing its APAC customer base through key partnerships. #GleanTechnologies #AI #EnterpriseAI #Bengaluru #Expansion #Innovation #TechNews 🔗 Read more on the link in our comments section 👇

Nykaa's subsidiary, Nessa International, has incorporated 'Nysaa Cosmetics Trading' in #Qatar to expand its presence in the GCC region. The new unit will trade women's #cosmetics, toiletries, beauty products, hair care items, perfumes, and beauty soaps. This expansion is part of Nykaa's broader strategy to ramp up its #GCC presence, following additional investments in its Kuwait unit. The company invested Qatari Riyal 500,000 (Rs 1.14 crore) in Nysaa Cosmetics Trading, with Nessa International holding 100% shareholding. by Akshita Toshniwal | #Nykaa #Beauty #International #Investment #Qatar 🔗 Read more on the link in our comments section 👇

Swiggy has introduced #Eatlists, a new feature that allows users to curate and share their favorite foods directly within the Swiggy app. This innovation aims to help users overcome indecision while selecting meals and taps into the trend of peer recommendations, which 68% of users rely on when ordering food or dining out. #Swiggy #Eatlists #FoodTech #Innovation #UserExperience 🔗 Read more on the link in our comments section 👇