The fresh capital will enable Pixxel to expedite production of its high-resolution hyperspectral satellite, which offers artificial intelligence-powered insights help discover and predict climate issues at a fraction of traditional satellite cost.

One unicorn gives birth to another as Oxyzo, the financing vertical of B2B marketplace OfBusiness, bags $200 million in a series A funding round led by Alpha Wave Global at a valuation of $1 billion. Actor Athiya Shetty steps into the startup world as she invests in social commerce platform Stage3.

The world's third largest startup ecosystem India, is home to nearly 70,000 startups at last count. With the unicorn tally set to hit a century, one could say, the rocketship of Indian startups has truly taken off. But, let us not get distracted by these heady numbers, according to an IBM institute study, 90 percent of Indian startups fail within the first five years. Besides funding, promising entrepreneurs who are seeking to build for Bharat, need guidance and a playbook to win in small-town India. To enable this, over 50 startup founders and senior leaders, who have been there and done that, have bandied together to create the Bharat Founders Fund.

Here are the top headlines from the startup space.