India Digest: Pixxel raises $5m in seed round; SIDBI invests in Unitus Ventures

Pixxel, a private earth imaging startup headquartered in Bengaluru, has secured as much as $5 million in a seed round led investors namely Blume Ventures, growX Ventures, and Lightspeed Ventures. In a separate development, Unitus Ventures has garnered Rs 75 crore ($10 million) from Small industrial Development Bank of India (SIDBI).

Space tech startup Pixxel raises $5m

Pixxel, a private earth imaging startup headquartered in Bengaluru, has secured as much as $5 million in a seed round led investors namely Blume Ventures, growX Ventures, and Lightspeed Ventures, per a report by YourStory.

Other investors who participated in the round include Stanford Angels and Blackbridge CEO Ryan Johnson, the report added.

Pixxel, established in 2019, is a space technology firm that is working towards creating the country’s first constellation of microsatellites.

The corpus raised will be used by the startup to ramp up recruitment and spruce up technology, among others.

Unitus Ventures nabs funding from SIDBI

Unitus Ventures has garnered Rs 75 crore ($10 million) from Small industrial Development Bank of India (SIDBI), per a report by YourStory.

The investment, that has been routed through SIDBI’s Fund of Funds for Startups initiative, will help strengthen Unitus’ second fund that was launched in 2018.

The fund plans anywhere between $0.5 million and $1.5 million in about 15-20 startups.

Unitus recently made headlines for investing $1.1 million in edtech startup Masai School.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.