IND-TECH WEEKLY #3: Pixxel's $100M Rocket Ride, Jio's Investor Roadshow Kicks Off, and Oracle's Next Layoff Wave 🇮🇳
Hey 👋 Last issue introduced Jobs Watch, and it's sticking around — this issue keeps that structure and adds one change to Developer Corner (more on that below). This issue covers India tech news from Sunday, Sep 6 to Saturday, Sep 12. What's Inside 📰 The Big Headline — Pixxel's $100M Rocket Ride 💰 This Week in Funding 📌 Quick Hits, Worth Knowing 🌐 The Bigger AI Picture 💼 Jobs Watch — Stats,…
This week in India's tech scene, Pixxel, a Bengaluru-based space-tech company, successfully closed a $100 million Series C funding round led by Temasek and Seraphim Space. The round brings Pixxel's total funding to $195 million, making it the most highly-capitalized private space-tech company in India's history. Jio Platforms is also in the process of preparing for its IPO, with roadshows planned in several international cities, targeting a valuation of around $137 billion. Meanwhile, Oracle India is expected to lay off 2,000-3,000 employees around September 15.
Written by urgent.news from Dev.to's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.