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India's burgeoning private space sector is set to achieve a significant milestone, with IN-SPACe Chairman Pawan Goenka revealing that the country is close to witnessing its first space unicorn—a startup valued at over $1 billion. This development underscores the rapid advancement and investment in India's space industry.
Exsure, founded in 2021 by Swastika Paul and Abhishek Dutta, has secured ₹3 crore in seed funding from Unicorn India Ventures. The startup is pioneering a patented exosome-based drug delivery platform designed to minimize the side effects and toxicity associated with anti-cancer drugs, thereby improving patient outcomes. The funds will be utilized to complete non-clinical studies and support global expansion plans.
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed an MoU with Apna, a leading jobs and professional networking platform, to address hiring challenges for DPIIT-registered startups. As part of the initiative, over 700,000 registered startups will receive ₹2,000 worth of hiring credits to access Apna’s tailored talent pool. This partnership is set to streamline recruitment, accelerate startup growth, and generate employment across India.
Gurugram-based startup Grest is revolutionizing India’s refurbished electronics market by offering high-quality, certified smartphones and laptops at affordable prices. Through rigorous quality checks, strong supplier networks, and customer-centric policies, Grest aims to eliminate the stigma surrounding refurbished devices and make premium technology accessible to a wider audience.
The successful deployment of satellites by Pixxel, Digantara, and XDLINX Space Labs on SpaceX’s Transporter-12 mission underscores the innovative spirit of Indian startups. These achievements demonstrate India’s ability to contribute significantly to space exploration and technology on a global scale. As these startups continue to push boundaries, India’s private space sector is poised for even greater milestones in the years to come.
Celebrating National Startup Day, the Startup India initiative has recognized three Telangana-based startups—Skyroot Aerospace, Axial Aero, and Autocracy Machinery—as top performers. These companies have demonstrated exceptional innovation and growth in their respective fields, contributing significantly to India's burgeoning startup ecosystem.
OrbitAID, a Chennai-based spacetech startup specializing in on-orbit refueling solutions, has secured $1.5 million in pre-seed funding. The round was led by Unicorn India Ventures, with additional investment from TANSIM (Government of Tamil Nadu). The funds will facilitate in-space demonstrations of docking and refueling operations, expansion of on-orbit servicing facilities, advancement of their Standard Interface Docking and Refueling Port (SIDRP) to commercial readiness, and scaling of team capabilities.
Pixxel, a Bengaluru-based space technology startup, has launched three hyperspectral imaging satellites aboard a SpaceX Falcon 9 rocket from Vandenberg Space Force Base in California. This achievement establishes India's first private satellite constellation, enhancing capabilities in sectors such as agriculture, mining, environmental monitoring, and defense.
Boba Bhai, founded in 2023 by Dhruv Kohli, has secured ₹30 crore in Series A funding led by 8i Ventures, with participation from existing investors including Titan Capital and Global Growth Capital. The startup plans to utilize the funds to expand into new cities such as Pune and Ahmedabad, scale operations, introduce new Korean-inspired menu items, and develop sub-brands. Currently operating 42 outlets across nine cities, Boba Bhai aims to double its presence by the end of the year.
BGauss, an electric two-wheeler startup founded by Hemant Kabra, has secured ₹161 crore in funding from Bharat Value Fund. The investment will support the company's expansion in domestic and international markets, increase manufacturing capacity, and advance research and development for upcoming products.
In celebration of National Startup Day on January 16, YourStory will present 'The Great Indian Startup Showcase,' a live marathon event spotlighting more than 200 early-stage startups from across India. This initiative aims to highlight the innovation, resilience, and creativity driving the nation's entrepreneurial ecosystem.
Mayank Kumar, co-founder of upGrad, and Ayush Mathur, a former OYO executive, have launched BorderPlus, a platform connecting skilled Indian professionals to international job opportunities. Starting with the German healthcare sector, BorderPlus offers comprehensive training programs, including language and cultural preparation, while planning expansion into the US, UK, and Japan.