Space tech startup Pixxel noted it raised Rs 185.4 crore (~$21.9 million) via rights issue during FY24. As the company continues to mature, refine its business model, and scale its operations, it’s expected to gradually reduce its losses and eventually achieve profitability. The Fireflies constellation will deliver critical data across various applications, from early detection of crop diseases and pinpointing water stress to real-time deforestation monitoring and tracking ocean pollution.
