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Eutelsat Launches First Satellites with SpaceX Following Merger with OneWeb!

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Satellite operator Eutelsat successfully launched 20 satellites for its communications network on Sunday, October 20, marking the company’s first deployment since its merger with Britain’s OneWeb in September 2023. The launch utilized a SpaceX Falcon 9 rocket, which lifted off from California’s Vandenberg Space Force Base at 5:13 GMT.

Background of the Merger

As the world’s third-largest satellite operator by revenue, Paris-based Eutelsat now oversees more than 600 low-earth orbit (LEO) satellites, supporting a wide range of broadcasters, telecom providers, and radio stations. The merger with OneWeb was completed after gaining approval from Eutelsat’s shareholders in September 2023, creating a powerful entity capable of offering integrated geostationary (GEO) and LEO satellite services.

Statements from Leadership

“This is the first OneWeb satellite launch since our merger, and we plan to launch more over the next few years,” said Eva Berneke, CEO of Eutelsat. “We aim to integrate further into the telecom ecosystem. While satellites represent a smaller niche, they play a vital role in the broader connectivity landscape where telcos dominate.”

Strategic Market Expansion and India Focus

With a $4 billion order backlog, Eutelsat is positioning itself to capitalize on emerging markets like India and Saudi Arabia. India’s satellite services market is projected to grow at an annual rate of 36%, reaching $1.9 billion by 2030. However, regulatory delays have hindered international players, including Eutelsat and Elon Musk’s Starlink, from entering the Indian market.

“We have orders awaiting clearance in India,” Berneke noted. “Once the market opens, we’ll begin construction immediately.”

Potential Challenges

The regulatory landscape in India poses challenges for foreign companies looking to establish a foothold. The Indian government has strict guidelines regarding satellite operations, which can delay entry for companies like Eutelsat.

In-Flight Connectivity Plans

Eutelsat is also exploring new partnerships with aviation companies to offer in-flight connectivity, including onboard internet services. The company anticipates that these initiatives, along with market expansions, will contribute to revenue growth starting next year.

Importance of In-Flight Connectivity

The demand for reliable in-flight internet services has surged as airlines and passengers increasingly expect connectivity during flights. By tapping into this market, Eutelsat aims to diversify its revenue streams and enhance its service offerings.

Conclusion

This successful satellite launch represents a significant milestone for Eutelsat as it strengthens its position in the rapidly evolving global satellite communications market. The merger with OneWeb not only enhances Eutelsat’s capabilities but also positions it strategically to meet growing demands for connectivity across various sectors.

As Eutelsat navigates regulatory challenges and expands its service offerings, it will be crucial for the company to leverage its combined resources effectively. The focus on emerging markets and new technologies could pave the way for substantial growth in the coming years, making Eutelsat a key player in the future of satellite communications.

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    March 22, 2025 at 1:27 am

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Piyush Anchliya Joins Cashfree Payments as CFO Amid Expansion in India’s Fintech Sector

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Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics

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Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.

Background

Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.

Strategic Benefits for Delhivery

  1. Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
  2. Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
  3. Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.

Challenges Addressed

The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.

Future Outlook

The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.

With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.

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