Pixxel Raises $100M Series C, Becomes India's Best-Funded Private Space-Tech Firm

Bengaluru-based hyperspectral satellite startup Pixxel closed a $100 million Series C round on September 7, co-led by Temasek and Seraphim Space, bringing its total funding to $195 million — the highest ever for a private space-tech company in India. New investors 360 ONE Asset and South Korea's IMM Investment joined existing backers in the round, which was founded in 2019 by Awais Ahmed and Kshitij Khandelwal. Separately, Jio Platforms has begun investor outreach for its anticipated IPO, with roadshows planned across the US, Singapore, Hong Kong, London, and the Middle East, targeting a valuation of around $137 billion. On the quantum-security front, Bengaluru's QNu Labs raised ₹200 crore in a Series A1 round led by India's National Quantum Mission, taking its total funding to ₹375 crore. The week also saw PB Fintech's payment aggregator PB Pay go live for merchant sign-ups and Mahindra Finance expand its voice-AI partnership with Sarvam AI across 12 Indian languages.
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