Bellatrix Aerospace is in talks to raise Rs 107 crore (about $11.7 million) in its Series B round. Separately, Uncia, an AI-driven lending solutions platform, has secured $3 million from Hyderabad-based venture capital firm Pavestone.
Bellatrix Aerospace eyes fresh funding
Bellatrix Aerospace, a spacetech startup headquartered in Bengaluru, is in talks to raise Rs 107 crore (about $11.7 million) in its Series B round, stated a report by Entrackr.
If the discussions finalise, the capital will come from a mix of new and existing investors.
Founded in 2015, Bellatrix specialises in new-age technologies for in-space mobility. It is engaged in the research and development of eco-friendly orbital launch vehicles and in-space systems for heavy, micro, and nanosatellite space navigation, thus enabling companies from the aerospace industry to have access to space navigation tools and technology for deep space exploration.
The startup has so far garnered a little over $24.2 million, including $3 million raised in a pre-Series B round last year.
Pavestone leads seed round in Uncia
Pavestone, a Hyderabad-based venture capital firm, has invested $3 million in Uncia, an AI-driven lending solutions platform, marking the latest boost to the startup’s growth.
The funding will help Uncia expand its operations in India and enter markets in the Middle East, North Africa (MENA), and North America, the company said in a statement.
Uncia also plans to pursue a public listing in the coming years, with this funding round marking an early step in that process, it added.
“The lending ecosystem is expanding rapidly, yet much of the underlying technology remains constrained by legacy systems that cannot support the speed, flexibility, and intelligence lenders now require,” said Srikanth Tanikella, Managing Partner at Pavestone.
