The failure of the Chandrayaan 2 mission weighed heavily on the Indian Space Research Organisation (ISRO) when it was preparing for Chandrayaan 3. The touching down of the Vikram lander became a national event, with people from different corners of the country logging in to witness what they hoped would be a historic moment. ISRO did not disappoint. On August 23, Vikram made a soft landing on the lunar south pole, making India the first country to do so.
“Mastering the technology of safe and soft landing is of paramount importance. It is not just the achievement of the scientific and technical community, but has become the country’s achievement,” says P. Veeramuthuvel, project director of Chandrayaan 3. He says that it will give boost to the Indian space industry. Top space agencies are now reportedly lining up to procure technology from India.
Veeramuthuvel points out that NASA has shown interest in procuring laser-based instruments used in the mission, while other space agencies have requested data about how ISRO operated the rover.
Learning from Mistakes
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Denne historien er fra December 2023-utgaven av Outlook Business.
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Scale Stimulus
For technology start-ups, growth funding serves as the catalyst to scale, innovate, expand into new markets and make critical hires. New capital brings strategic value through investor expertise and industry network, customer introductions, helps maintain operational efficiency and mitigate cashflow challenges.The landscape of venture and growth financings in India has undergone a major shift since the pre-Covid era. The pandemic gave rise to a low-interest rate environment which saw an unprecedented inflow of capital into Indian start-ups with a very strong focus on high growth, often at the cost of high burn. Post-pandemic, the environment has seen a significant shift in focus towards sustainable growth, profitability and efficient unit economics.
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