India's Space Revolution 🚀, YouTube, Telegram Crackdown🚫
Amazon's Satellite Ambitions, Fibe's Credit Card Innovation, India's Culinary Boom, Funding Deals and more.
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Tech Updates
🚀 India's Space Economy Set to Skyrocket! 🛰️
Pawan Goenka, Chairman of IN-SPACe, predicts India's space economy could soar to a staggering $44 billion by 2033, marking a five-fold surge from $8.4 billion. Currently holding a modest 2% of the global space market, India has ambitious plans to grab an 8% share.🌍
🔍 Govt Demands Stricter Measures Against Sleaze on YouTube, Telegram🚫
In a bid to curb inappropriate content, the Indian government is turning up the heat on social media giants. YouTube and Telegram's "zero tolerance" stance on explicit and abusive content didn't cut it. The government now demands detailed plans outlining stricter measures to combat these issues. 🔥
🛰️ Amazon Eyes Indian Skies for Satellite Broadband ✨
Amazon has set its sights on India's satellite broadband market, seeking approval from IN-SPACe to launch broadband-from-space services. Joining the race with competitors like Starlink, Jio Satellite and Airtel’s Oneweb, Amazon aims to offer high-speed connectivity, promising to reshape India's digital landscape. 🌐
💳 Fibe Revolutionizes Credit: Launches Numberless Card with Axis Bank🌟
Pune's Fintech gem, Fibe, formerly EarlySalary, has teamed up with Axis Bank to unveil a cutting-edge numberless credit card powered by RuPay. This innovation not only enhances security but also seamlessly integrates with the UPI system, marking a significant step in the future of digital payments! 🔐
🍽️ Indian Food Delivery Thrives: 10% Growth in Q3 Anticipated🌮
In the sizzling Indian food delivery arena, a recent report by UBS Securities suggests a mouthwatering 10% sequential growth from July to September! The appetite for online dining continues to rise, painting a flavorful picture for the industry. 📈
Funding Deals
Insurance marketplace InsuranceDekho has raised $60 million in its ongoing Series B funding round from Japanese financial services major Mitsubishi UFJ Financial Group, BNP Paribas Cardif and Beams Fintech.
Bhavish Aggarwal’s artificial intelligence firm Krutrim SI Designs has received $24 million debt from Matrix Partners.
Software provider for IT management services SuperOps.ai has raised $12.4 million in a funding round led by existing investor Lee Fixel’s Addition and new investor March Capital. The round also saw participation from early backer Matrix Partners India.
Purpose-led e-commerce platform Meolaa has raised $2 million in its seed round led by Turbostart.
AuditCue, an audit and risk SaaS startup, has raised $1.5 million in a seed funding round led by Kalaari Capital. Other investors who participated include Java Capital and angel investors from San Francisco.
eské, a Mumbai-based direct-to-consumer (D2C) lifestyle brand, has raised a $1.5 million in a pre-series A round led by Mistry Ventures. This round also saw support from Fluid Ventures.
Tweet of the day🐥
“Every great story happened when someone decided not to give up.”
Thanks for reading till the end!