
Easy Home Finance has successfully raised $35 million in a Series B funding round, led by Ranjan Pai's Claypond Capital and Sumitomo Mitsui Banking Corporation's Asia Rising Fund. The funds are intended to bolster the company's operations in the home loan sector. In another development, GalaxEye, a spacetech startup focusing on satellite-based Earth observation, has secured $10 million in Series A funding. This round was led by MountTech Growth Fund, which was founded by former Defence Secretary Ajay Kumar, with participation from several other investors including Mela Ventures and ideaForge. Additionally, the Indian government has announced that satellite broadband spectrum will be allocated rather than auctioned, a decision that favors Elon Musk's Starlink over local telecom giants like Reliance Jio and Airtel, whose requests for an auction were rejected. Communications Minister Jyotiraditya Scindia confirmed that this allocation aligns with International Telecommunications Union guidelines, marking a significant shift in the regulatory landscape for satellite communications in India.
In a boost to #ElonMusk's Starlink, Communications Minister #JyotiradityaScindia has said the spectrum for satellite broadband will be allocated and not auctioned as sought by billionaires Mukesh Ambani and Sunil Mittal. https://t.co/zQHNeetwcR
#HomeLoans emerge as top financing choice for potential home buyers: Report https://t.co/8FPInA5ZEn
🚨🇮🇳INDIA BACKS STARLINK WITH SPECTRUM SHAKEUP, SHUNS LOCAL TELECOMS India’s Communications Minister Jyotiraditya Scindia has unveiled a major win for Starlink: satellite broadband spectrum will be assigned directly, bypassing auctions. Local telecom giants Jio and Airtel had… https://t.co/hMVJHvCkmj




