indian startups

Kaynes Tech Launches New Division for Space Satellites

Riya Agarwal0144 views

Kaynes Technology has launched a bold new venture: Kaynes Space Technology. With plans to design satellites from microsats to geostationary giants, develop indigenous launch vehicles, and build AI-powered systems, Kaynes is aiming to lead India’s private space race. Starting with just INR 10 lakh, the company is betting big on modular design, deep tech, and partnerships with ISRO and academia. This isn’t just another startup move — it’s a serious play to help shape India’s future in orbit.

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Elevation Capital Buys 2.03 Lakh Wakefit Shares Pre-IPO

Riya Agarwal0115 views

Just before Wakefit’s public market debut, Elevation Capital has acquired 2.03 lakh shares via secondary transaction at ₹1,600 per share, an investment worth ₹32.54 crore.

While Wakefit plans to raise ₹468 crore through fresh issuance and an Offer for Sale of 5.8 crore shares, Elevation isn’t selling a single share.

The message is clear: this isn’t short-term speculation. It’s long-term conviction.

With 117 stores on the roadmap and ₹971 crore in revenue over the first 9 months of FY25, Wakefit’s IPO is more than just a listing, it’s a signal of scale.

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Foxconn Gets Taiwan Nod for $2.2B India, US Push

Riya Agarwal0111 views

Foxconn is doubling down on India and the US with a massive $2.2 billion investment.
$1.49B will go to India for a new smartphone parts plant, adding to its earlier iPhone production push.
New facilities are coming up in Tamil Nadu and near Bengaluru, with plans for 20 million units a year. They’re also entering semiconductors and batteries, building out a full tech ecosystem. Meanwhile, $735M is headed to the US for server and data center hardware.
A global shift is underway—and India’s at the center of it.

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