Category: Startup

Physical Intelligence, a startup founded in 2024 by AI researchers, is in talks to raise $1 billion at an $11 billion valuation. The company, which includes former Google DeepMind scientists among its founders, focuses on developing cutting-edge AI models for robotics applications. This funding round follows a previous fundraise just four months ago and may see participation from existing investors Thrive Capital and Lux Capital. Reports suggest that Founders Fund is likely to join the round, while Lightspeed Venture Partners is also in discussions to invest.

This significant investment indicates growing confidence in the potential of advanced AI technologies in the field of robotics. With a team of experienced AI experts, Physical Intelligence aims to push the boundaries of robotic capabilities, leveraging state-of-the-art AI algorithms and machine learning techniques.

Source: Tech-Economic Times

Bellatrix Aerospace, a space technology startup, has raised $20 million in funding led by Cactus Partners, with participation from various investors. The company, founded in 2015, specializes in developing satellite propulsion systems through a vertically integrated approach.

Bellatrix Aerospace’s satellite propulsion technology is known for its electric and green capabilities. The company’s achievements include winning the Best on Campus award at the Economic Times Startup Awards in 2020, recognizing its commitment to innovation in the industry.

This recent investment round is expected to support Bellatrix Aerospace in scaling up its satellite propulsion manufacturing capabilities, further advancing the field of space technology with sustainable and efficient propulsion solutions.

Source: Tech-Economic Times

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has invested $600 million in Polymarket, a platform operating in the prediction market space. Prediction markets, once confined to cryptocurrency and academic finance, have rapidly gained traction as a burgeoning trading sector within the past two years, as evidenced by the substantial increase in trading volumes and user engagement.

This substantial investment from ICE underscores the growing relevance and potential of prediction market technology. Such investments not only validate the market’s growth but also indicate a shift towards mainstream acceptance and utilization of prediction markets for various purposes, including forecasting outcomes and assessing probabilities of future events.

Polymarket’s positioning within this evolving landscape, coupled with ICE’s backing, is likely to fuel further innovations and advancements in prediction market technology. This strategic partnership has the potential to drive the development of more sophisticated prediction market platforms and enhance the accessibility and usability of such tools for a wider audience.

Source: Tech-Economic Times

In March 2026, Indian startups raised approximately $935.7 million in funding, indicating a significant 56% decline from the same period in 2025 when they amassed $2.1 billion across 237 rounds. Despite this decrease, startups managed to secure funding through 94 rounds across various stages, as reported by market intelligence platform Tracxn. This figure represents a 26.1% drop from the previous month’s activities.

During the week of March 14 to 20, startups garnered about $343 million, a substantial 69% decrease compared to the $1 billion raised during the equivalent period last year. Notably, housing finance platform Weaver Services received the largest investment of the month, securing around $156 million from Premji Invest and Lightspeed Venture Partners to aid in acquiring a controlling interest in Centrum Housing Finance Limited (CHFL).

Rocketlane, a Chennai-based B2B software-as-a-service (SaaS) startup, raised $60 million in a funding round led by Insight Partners to bolster its offerings, bringing its total funding to $105 million. Additionally, electric vehicle manufacturer Euler Motors received $47 million in Series E funding, aimed at doubling its production capacity, with plans for a new manufacturing facility in the next six months.

In a Series F round, fitness platform Cult.fit secured $47 million from Temasek, marking its first capital raise in two years. With previous investments totaling over $650 million, Cult.fit continues to attract funding from investors like Accel, Temasek, Chiratae, and Kala.

Source: Tech-Economic Times