Indian Startup News Ep 70: Paytm Plans Biggest IPO | Bellatrix’s Electric Thruster | Zeta = Unicorn

This week in Indian Startup News, Bellatrix Aerospace becomes the first Indian private company to develop and test a hall effect thruster, Zetwerk forays into aerospace and defense, Paytm could launch India’s biggest IPO ever, RBI orders all mobile wallets to become interoperable, Pharmeasy acquires Medlife, upGrad acquires Impartus, Tata in talks to acquire CureFit, PolicyBazaaar fined $33,000 for sending misleading SMS, WhatsApp is suing the Indian government over privacy rights violation and Twitter vs Indian government.

In funding news, Oyo is looking to raise $600 million in debt, Zeta raises $250 million to become a unicorn, FarEye raises $100 million, Locus in talks to raise $60 million, InVideo in talks to raise $40 million and Koo raises $30 million.

00:00 Introduction
00:43 Bellatrix Aerospace becomes the first Indian private company to develop and test a hall effect thruster
02:11 Zetwerk forays into aerospace and defense
03:00 Paytm could launch India’s biggest IPO ever
05:25 RBI orders all mobile wallets to become interoperable
06:23 Pharmeasy acquires Medlife
07:15 upGrad acquires Impartus
07:56 Tata in talks to acquire CureFit
08:30 PolicyBazaaar fined $33,000 for sending misleading SMS
08:38 WhatsApp is suing the Indian government over privacy rights violation
08:45 Twitter vs Indian government
09:00 Oyo is looking to raise $600 million in debt
09:45 Zeta raises $250 million to become a unicorn
10:40 FarEye raises $100 million
11:13 Locus in talks to raise $60 million
11:30 InVideo in talks to raise $40 million
11:52 Koo raises $30 million

Bellatrix Aerospace becomes the first Indian private company to develop and test a hall effect thruster: Bellatrix Aerospace, the startup that wants to build a space taxi for satellites, has successfully tested India’s first privately developed hall effect thruster – which is an electric propulsion system for micro satellites weighting 50-500 kg.

Zetwerk forays into aerospace and defense: Online B2B marketplace for manufacturing products Zetwerk has set up a facility to start manufacturing aerospace and defense products.

Paytm could launch India’s biggest IPO ever: Paytm is planning to launch India’s biggest IPO ever this November – could raise $3 billion at a valuation of up to $30 billion.

RBI orders all mobile wallets to become interoperable: RBI has ordered all mobile wallet operators like PhonePe, Paytm and Google Pay to make their mobile wallets interoperable by 1st April 2022.

Pharmeasy acquires Medlife: Pharmeasy has acquired Medlife and discontinued Medlife – onboarding all their customers on its own platform.

upGrad acquires Impartus: Edtech startup upGrad has acquired video-based learning solutions provider Impartus and they will be rebranding it as upGrad Campus.

Tata in talks to acquire CureFit: Tata is looking to acquire health and fitness startup CureFit as it plans its Super App.

PolicyBazaaar fined $33,000 for sending misleading SMS: PolicyBazaar was fined $33,000 for sending misleading SMS to its customers regarding rise in insurance premium prices.

WhatsApp is suing the Indian government over privacy rights violation: WhatsApp is suing the Indian government over the new IT rules which asks them to identify the ‘first originator of information’ – which is seen as a violation of privacy rights by the tech giant.

Twitter vs Indian government: After Twitter labelled a tweet from a BJP spokesperson Sambit Patra as ‘manipulated media’, Delhi Police was sent to Twitter’s offices in Delhi and Gurgaon to hand them the notice of the inquiry.

Oyo is looking to raise $600 million in debt: Oyo looks to be in trouble as the hospitality giant is looking to get a loan worth $600 million for investors.

Zeta raises $250 million to become a unicorn: Banking tech startup Zeta has raised $250 million led by SoftBank Vision Fund 2 – making it India’s latest unicorn.

FarEye raises $100 million: FarEye has raised $100 million in a round led by TCV and Dragoneer Investment Group.

Locus in talks to raise $60 million: Locus is in talks to raise $60 million from the Singapore government’s GIC.

InVideo in talks to raise $40 million: Online video editing platform InVideo is in talks to raise $40 million.

Koo raises $30 million: Indian version of Twitter for regional language users Koo has raised $30 million led by Tiger Global Management as the Indian government’s relationship with American social media giants like WhatsApp and Twitter turns sour.

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