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AIRBOUND STARTUP
At 15, he won $500 building a drone; today, Bengaluru teen founder runs a $50 million aerospace startupNaman Pushp began experimenting with drones as a teenager during the 2020 lockdown, winning $500 at a hackathon and reinvesting the money i...- Deeptech boom leaves most lab-stage startups strandedA survey by the Indian Venture and Alternate Capital Association showed that only 15% of deeptech funds back companies at technology readin...
- ETtech Deals Digest: Third Wave, Airbound lead weekly funding at $208 million, down 56% on-yearIndian tech and startup funding stood at $207.7 million across 20 rounds in the week ended August 28, down 6.3% from the previous week. Thi...
- AMI’s Nvidia chip bet; Groww’s new growth playHappy Wednesday! AMI has ordered 9,000 Nvidia Vera Rubin chips, becoming one of Asia’s first such adopters. This and more in today’s ETtech...
- VCs step up wealthtech bets; Blinkit freezes new launchesInvestors are pouring fresh capital into wealthtech startups as demand for financial products grows. This and more in today's ETtech Top 5.
- Airbound raises $37 million from Greenoaks, DoorDash, others; aims to scale up drone deliveryThe funding comes alongside a new commercial deployment agreement with the Andhra Pradesh government, under which Airbound plans to build a...
- Bengaluru startup Airbound ties up with Andhra Pradesh to build drone delivery networkBengaluru's Airbound is partnering with Andhra Pradesh Drone Corporation to launch a massive drone delivery network in the Amaravati Capita...
- Japan’s MUFG readies $250 million India fund as investor mix shifts in startup fundingJapan's MUFG is launching a significant $250 million fund for Indian startups. This new fund will focus on early and growth-stage companies...
- Karnataka plans to set up drone testing hub near BengaluruKarnataka is set to establish a dedicated drone flight testing facility near Bengaluru. The state aims to streamline regulations and attrac...
- Deeptech bets heat up; Paytm, PB Fintech, Meesho earningsHappy Thursday! VCs are doubling down on India’s deeptech, with early-stage bets leading the charge. This and more in today’s ETtech Mornin...
- Early-stage tech draws VC interest across aviation, biotech, precision manufacturingInvestors are prioritising smaller, early-stage deals in deeptech sectors like AI, healthcare, and precision manufacturing, shying away fro...
- RBI scraps Paytm Bank licence; Pronto's back-to-back fundingRBI has cancelled Paytm Payments Bank licence over compliance lapses. This and more in today's ETtech Top 5.
- Tech investor Lachy Groom in talks to back Pronto; valuation set to double at $200 millionUS investor Lachy Groom is in talks to invest $15-20 million in Pronto. This funding round values the instant househelp startup at $200 mil...
- Drone-led logistics may reduce need for standalone labs: Narayana Health’s Devi ShettyThe Bengaluru-based hospital chain has partnered with drone startup Airbound, also based in Bengaluru, to transport blood samples and blood...
- Drone startup Airbound raises $8.65 million in seed funding; aims to cut delivery cost to one rupeeThe round was led by Lachy Groom, cofounder of Physical Intelligence, with participation from Humba Ventures, Lightspeed Venture Partners, ...
- Drone delivery startup Airbound raises $1.7 million in seed funding led by LightspeedAirbound will use the seed funds to deploy its R&D efforts and venture into medical deliveries, specifically routine deliveries such as tra...
- Lightspeed partners Abhishek Nag, Vaibhav Agrawal quitVaibhav Agrawal is set to launch his own venture firm. Abhishek Nag has joined Mumbai-based 360 One (formerly IIFL Wealth & Asset Managemen...
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