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Pixxel Secures $24M to Expand Hyperspectral Satellite Constellation!

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Pixxel Secures $24M to Expand Hyperspectral Satellite Constellation!

Bengaluru-based spacetech startup Pixxel has successfully raised an additional $24 million in Series B funding. This latest round, led by M&G Catalyst and Glade Brook Capital Partners, brings the total Series B funding to $60 million and the overall funding raised by Pixxel to $95 million across all rounds.

Strategic Use of Funds

The fresh capital will be strategically utilized to:

  • Accelerate Satellite Constellation Development: Pixxel plans to launch a full constellation of 18 hyperspectral satellites, enhancing its capabilities in Earth observation.
  • Expand Manufacturing Capacity: The company aims to increase production of small satellites and advanced imaging payloads, ensuring it can meet growing demand and scale operations effectively.
  • Enhance Software Capabilities: Investment will also go toward improving Aurora, Pixxel’s AI-powered Earth Observation platform, which enables seamless analysis and actionable insights from hyperspectral data.

Mission and Technological Impact

Pixxel’s mission is centered around providing high-resolution hyperspectral satellite imagery to address global challenges such as climate change, food security, and resource management. Their technology captures detailed insights into Earth’s surface, allowing for more accurate monitoring and analysis.

Pixxel’s hyperspectral satellites are designed to capture data across 250+ spectral bands at an unparalleled spatial resolution of 5 meters, allowing for spectrally fingerprinting the Earth and delivering details that conventional imaging methods cannot provide.

Key Highlights

  • Fireflies Constellation: Pixxel’s flagship constellation, consisting of six hyperspectral satellites, is set to launch in early 2025. This constellation will provide enhanced global coverage with a native 5-meter resolution, a 40-kilometer-wide swath, and a daily revisit frequency anywhere on the planet.
  • Aurora Platform: The AI-powered Aurora platform makes remote sensing data accessible and actionable for various industries, facilitating applications in agriculture, climate monitoring, resource management, mining, environmental protection, energy, urban planning, and more.
  • Strong Investor Backing: With this latest funding round, Pixxel has demonstrated strong investor confidence in its technology and vision. The company has attracted investments from notable backers including Google, Radical Ventures, Lightspeed, and Accenture.

Industry Context

This investment underscores the growing interest in India’s spacetech sector. As the industry continues to mature, startups like Pixxel are at the forefront of innovation, driving advancements in satellite technology and remote sensing. The increasing demand for high-quality data from various sectors is propelling investments into companies that can deliver critical insights through advanced technologies.

Conclusion

With this recent funding boost, Pixxel is well-positioned to accelerate its growth and expand its impact within the spacetech industry. The company’s commitment to leveraging advanced hyperspectral imaging technology not only addresses pressing global challenges but also paves the way for informed decision-making across multiple sectors. As Pixxel moves forward with its ambitious plans for satellite deployment and software enhancement, it stands as a key player in shaping the future of Earth observation technology.

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Blissclub Raises INR 33 Crore in Fresh Funding Months After Layoffs

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Blissclub, the women-centric D2C apparel brand, has raised INR 33 crore in a Pre-Series B funding round led by Elevation Capital, with Eight Roads Ventures also participating. This funding comes just three months after the company laid off 18% of its workforce-about 21 employees from creative, sales, marketing, growth, and product teams-due to high cash burn and challenges in securing new capital.

The latest investment was made through the allotment of 16,076 compulsory convertible preference shares (CCPS) at a premium of INR 20,428 each. Elevation Capital invested INR 19 crore, securing a 24.5% stake, while Eight Roads Ventures contributed INR 14 crore, raising its stake to 15.79%. The capital will be used for working capital, capital expenditure, and general corporate purposes.

Founded in 2020 by Minu Margeret, Blissclub started as an online activewear brand for women and has since diversified its product range and established offline stores. Despite recent restructuring, the company’s revenue grew 27% to INR 86.9 crore in FY24 from INR 68.3 crore in FY23, though net losses also increased to INR 43.9 crore.

Blissclub’s successful fundraising, despite recent layoffs, underscores both the ongoing challenges and the resilience of India’s D2C startup sector in a difficult funding environment.

 

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Apple to Shift Entire US iPhone Assembly to India by 2026

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Apple is set to relocate all assembly of iPhones destined for the US market from China to India by the end of 2026, marking its biggest manufacturing shift in decades. The move is driven by escalating US-China trade tensions and steep tariffs—up to 145% on Chinese imports—making Chinese assembly increasingly costly for Apple. Although some smartphone imports are temporarily exempt, a 20% duty still applies to Chinese-made iPhones entering the US.

 

India, in contrast, offers a more favorable trade environment, with a paused 26% reciprocal tariff and ongoing negotiations for a bilateral trade deal with the US that could shield Indian exports from future levies. Apple plans to more than double its current iPhone output in India, aiming to assemble over 60 million units annually for the US market. The company already produces about 25% of its global iPhones in India, working with partners like Foxconn, Tata Electronics, and Pegatron.

 

This shift is part of Apple’s broader strategy to diversify its supply chain and reduce reliance on China amid geopolitical risks. However, the transition’s success will depend on how quickly India can scale up its manufacturing capabilities and the outcome of ongoing trade negotiations.


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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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