Pixxel bags $100M in India’s biggest spacetech fundraise; Food delivery app Swish to raise Rs 225 Cr
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Bengaluru-based Earth observation startup Pixxel has successfully raised $100 million in its Series C funding round, led by Singapore-based Temasek and spacetech investor Seraphim. This is the largest funding round for an Indian spacetech company. New investors 360 ONE Asset and IMM Investment joined Radical Ventures and growX Ventures, which were the existing backers.
Pixxel's total funding now stands at $195 million. The funds will be used to expand Pixxel's satellite sensing capabilities, develop its Earth intelligence software, and increase satellite production. Founder and CEO Awais Ahmed said the funding will drive the company's vision to create planetary infrastructure. Meanwhile, food delivery app Swish is in the process of raising Rs 225 crore (approximately $24 million) in an extended Series B round led by Bertelsmann India.
Joining the existing investors Bain Capital Ventures, Accel, and Hara Global, Swish aims to deliver food in 10 minutes using a model that combines cloud kitchens and quick commerce services.
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