The freshly raised capital will be deployed across three core areas: accelerating product design and engineering, expanding Orbitt's elite team of space scientists and engineers, and conducting rigorous prototype testing to validate their proprietary propulsion and avionics systems.
The capital will be deployed towards the development of SatLeo's proprietary dual-band thermal imaging payload, regulatory clearances, team expansion, and infrastructure enhancement, enabling the company to scale its space-based intelligence offerings.
The fresh capital will fuel the development and testing of Nabhdrishti's next-generation engine prototypes, accelerating its mission to indigenise propulsion systems and make clean energy solutions more affordable.
Startups like Kaleidofin, Merakal, Vitto, Anniyam Payment, MaksPay, Manipal Business Solutions, Sampatti Card, and Haqdarshak and Agripal are among the previous program winners.
The program, supported by MeitY Startup Hub, aims to harness artificial intelligence (AI) to tackle global challenges across sectors like healthcare, climate change, agriculture, education, financial inclusion, and infrastructure.
Growth Accelerator 2.0 specifically targets SMEs, family businesses, and growth-stage startups that face challenges in scaling due to limited access to resources, mentorship, and networks.
The accelerator is crafted for startups in the seed to Series A stages, offering a comprehensive curriculum that addresses the wide array of challenges growing companies face.
IIMA's investment thesis revolves around ideas for solving larger problems in the deep-tech, inclusive-tech, and climate-tech spaces at the earliest stages of their journey.
With the raised funds, the Gurugram-based platform aims to expand Curelo's footprint, standardise unorganised labs, and increase its patient base in the coming year.