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Indian defence sector

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Startups & Venture Capital 10 Oct 2026, 02:30 AM IST

Why Public Capital Alone Cannot Save Indiaโ€™s Deeptech Startups

Indiaโ€™s deeptech founders are increasingly confronting a hard truth: grants and public capital can fund experiments, but they rarely de-risk a business. In sectors such as defence, space and railways, a procurement commitment from a real customer can do more to unlock a Series B round than an equivalent grant, because it validates revenue, not just science.

By RDU Global Wire5 min read
Startups & Venture Capital3h ago

IIT Madras-backed Unicorn India Ventures raises Rs 450 crore in first close, targets Rs 1,000 crore deep-tech fund by December

IIT Madras, its Research Park and Unicorn India Ventures have announced a first close of Rs 450 crore for a Rs 1,000 crore fund aimed at advanced technology startups, with the final close expected by December 2026. The fund has already deployed nearly Rs 55 crore across four deep-tech startups as it sharpens its focus on sectors seen as strategically important to India's industrial and national security ambitions.

6 min readRead โ†’
Startups & Venture Capital5h ago

IIT-Madras Deep-Tech Fund Closes First Rs 450 Crore, Backing Frontier Startups in Defence, Space and AI

The IIT Madras-led Unicorn Frontier Fund has reached a Rs 450 crore first close, marking a major early milestone for its Rs 1,000 crore deep-tech investment vehicle. Backed by alumni, family offices, institutions, corporates and banks, the fund has already deployed capital into four startups working on rocket engines, air-quality technology, quantum instrumentation and energy storage.

5 min readRead โ†’
Global Markets & Equities55m ago

RBI Bulletin Says India's Economy Is Shielding Financial and External Sectors From Global Turbulence

India's financial and external sectors continue to benefit from a resilient domestic economy, even as geopolitical tensions, weather disruptions and firmer global bond yields weigh on the outlook, the Reserve Bank of India said in its latest bulletin. The central bank's assessment pointed to strong GDP growth, healthy foreign exchange reserves, steady credit momentum and moderate current account pressures, while warning that rising crude oil prices and food inflation could complicate the inflation path ahead.

5 min readRead โ†’
Startups & Venture Capital3h ago

GalaxEye Secures Rs 63.84 Crore RDI Backing to Advance Indigenous Multisensor Satellite Tech

Bengaluru-based spacetech startup GalaxEye has won Rs 63.84 crore in financial support under the Centre's Research, Development and Innovation Fund to build its next-generation multisensor satellite platform. The project, backed by the Technology Development Board, aims to push the company's indigenous OptoSAR technology from prototype stage to an operational system capable of sub-0.5-metre Earth observation imaging.

5 min readRead โ†’
India Entertainment & Culture4h ago

Tender247 Taps Anupam Kher to Open India's Vast, Fragmented Tender Market to More Businesses

Tender247 has brought actor Anupam Kher on board as it seeks to make India's sprawling public procurement ecosystem easier for businesses to discover and pursue. The move comes as the country's tender market, estimated at roughly Rs 70 lakh crore, remains spread across dozens of portals, creating a major access gap for companies that can compete but often never see the opportunity in time.

5 min readRead โ†’
Startups & Venture Capital6h ago

Indian Startup Funding Rebounds to $382 Million as Debt-Led Mega Deals Mask Weak Equity Appetite

Venture capital inflows into Indian startups surged to $382 million across 21 deals in the week of Sept. 19-25, rebounding sharply from $99 million the previous week. But the headline number was inflated by debt-heavy financing, led by DMI Finance's $152 million raise, while true equity funding remained subdued even as investors spread bets across EV, finance and AI startups.

5 min readRead โ†’
Banking, Fintech & Insurance6h ago

Government Says New UPI Merchant Fee Won't Hit Consumers as India Moves to Protect Digital Payments Growth

Government sources on Thursday said the proposed 0.4% merchant discount rate on certain UPI transactions above Rs 2,000 will be borne by merchants, not consumers, and will not flow into government coffers. The move, effective October 15, is aimed at building a sustainable revenue model for the digital payments ecosystem while keeping person-to-person UPI transfers free and shielding most small merchants from the charge.

5 min readRead โ†’
Defence, Intelligence & AerospaceSept 26, 2026

U.S. and Indian Army Snipers Enhance Long-Range Skills in Yudh Abhyas 2026

In a significant display of military cooperation, U.S. and Indian Army snipers participated in long-range marksmanship training during Exercise Yudh Abhyas 2026. Utilizing the advanced Sako TRG rifle, the joint forces engaged targets up to 580 meters, underscoring the importance of precision in modern warfare.

3 min readRead โ†’

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