Startup Funding | Page 2

The company is developing a satellite launch vehicle for payload capacity of up to 100 kilograms. It said it plans to use these funds for ground testing, fabrication and team expansion.

The Bengaluru-based start-up offers a digital ledger mobile app to micro, small and medium businesses. Available in 11 languages, merchants ranging from mobile recharge shops to jewelers across more than 5,000 Indian cities currently use the app.

According to a report by venture debt firm InnoVen Capital, a majority of founders still put growth over profitability as an area of focus for 2020.

With the new funds, the Delhi-based company said it hopes to resolve the affordability problem that exists with solar rooftops in India.