Agnikul Prepares for Rocket Launch, Yotta Gets First Nvidia H100 Batch

Agnikul Prepares for Sub-Orbital Rocket Launch from Sriharikota

Space startup Agnikul is gearing up for its maiden sub-orbital rocket launch from Sriharikota, slated for Friday. The Agnibaan rocket, weighing 580 kilograms, will soar 20 kilometres above Earth on its inaugural flight, carrying a payload of up to 7 kilograms. Powered by a semi-cryogenic engine, a first for the Indian private sector, the rocket aims to validate crucial technologies for future orbital missions. Agnikul's innovative use of 3D printing technology has drastically reduced engine testing time and enhanced launch affordability. With government support and an ambitious vision, Agnikul aims to revolutionise small satellite launches, bolstering India's position in the global space industry.

Yotta Data Services Receives First Nvidia H100 Chip Consignment in Mumbai

A Mumbai-based startup, Yotta Data Services, has marked a significant milestone for India's tech landscape by receiving its maiden consignment of high-powered Nvidia H100 chips, vital for advancing artificial intelligence (AI) technology. Spearheaded by MD, CEO, and co-founder Sunil Gupta, Yotta's strategic investment in these cutting-edge semiconductors underscores its commitment to fueling India's AI revolution. With plans to leverage Nvidia's advanced chips to offer high-performance computing capabilities domestically, Yotta aims to democratise access to AI infrastructure, addressing concerns related to latency and affordability. Gupta's vision aligns with the burgeoning demand for AI solutions, projected to catapult the global market to over $2 trillion by 2032. The collaboration between Yotta and Nvidia not only signifies a boost for India's AI ecosystem but also showcases the nation's potential as a frontrunner in AI innovation on the global stage.

Sprih Raises $3 Million to Expand Global Footprint in Carbon Emission Management

Sprih, a carbon emission management platform, has secured a $3 million funding round led by Leo Capital, focusing on global expansion and AI model development for climate issues. Co-founder Akash Keshav stated their aim to centralise climate data and invest in research and product development. Founded in 2022, Sprih offers end-to-end software for measuring and reporting emissions. With plans to grow in India and enter the US, Europe, and other markets, they aim to serve 40-50 customers globally this year. Ravi Srivastava of Leo Capital emphasised the importance of sustainability in business growth. This investment underscores a growing trend in climate tech funding, exemplified by recent financings in the sector.

Government Allocates Rs 2,000 Crore to AI Startups

The India AI Mission, recently approved by the Cabinet with a budget of Rs 10,372 crore over five years, aims to propel AI development in the nation. A significant portion, over Rs 2,000 crore, will be dedicated to funding AI-related startups, with rollout scheduled from April 1. Jitendra Vijay, CEO of Meity Startup Hub (MSH), highlighted efforts to support startups, emphasising collaboration with incubators and centres of excellence nationwide. While acknowledging the importance of private funding, Vijay emphasised the government's role in nurturing the ecosystem, particularly in smaller towns. The initiative aims to leverage domestic investment to fuel growth in India's startup landscape, ensuring sustainable development.

PM Modi Lauds India's Startup Surge at 'Startup Mahakumbh' 

Prime Minister Narendra Modi, addressing the Startup Mahakumbh, hailed India's exceptional progress in startups, marking it as crucial amidst the roadmap to a developed India by 2047. Despite challenges, the innovation and startup culture flourish, distinguishing India on the global map. Modi commended the organisers for their foresight in hosting such a grand event post-election, affirming their anticipation of India's trajectory. Key highlights included the empowerment of women in startups, with over 45% in leadership roles, and India boasting 1.25 lakh startups and 110 unicorns. The Startup India initiative and a Rs 1 lakh crore fund underscored India's commitment to innovation. The Mahakumbh, themed 'Bharat Innovates,' convened over 2000 startups, 1000+ investors, and myriad stakeholders, fostering dialogue and networking.