Drone maker Raphe mPhibr secures $100 mn to expand aircraft design &manufacturing in India
(You can now subscribe to our Economic Times WhatsApp channel
Indian drone startup Raphe mPhibr on Thursday announced that it has raised $100 million in a round led by General Catalyst, with participation from existing investors, including Amal Parikh, Think Investments, and other prominent high-net-worth family offices. This is the largest round of private funding raised by an Indian company in this industry to date and takes Raphe mPhibr's total capital raised to $145 million.'We are proud to join forces with Raphe mPhibr on their transformative journey to redefine engineering-led manufacturing across a spectrum of critical applications,' said Neeraj Arora, Managing Director at General Catalyst.'What sets this team apart is their unwavering, mission- driven ethos, coupled with an expansive vision and formidable technological depth. The products emerging from Raphe mPhibr are already making a tangible impact on the ground, signalling what we believe will be a monumental shift. Their work is not only accelerating India's path to strategic self-reliance but also embodies the essence of our Global Resilience thesis at General Catalyst—building for a future that is secure, sovereign, and sustainable.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
31 minutes ago
- Time of India
South Korea faces dramatic population crash, could have just 7.5 million people by 2125
South Korea's Worst-Case Scenario: Just 7.5 Million People by 2125 Live Events Aging Population to Outnumber Working-Age Adults Younger Koreans Prioritize Stability Over Family Life FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel South Korea's population may shrink to only 15% of where it stands today by 2125 if the current trend of demographic decline continues, found a private research institute in Seoul, as per a Korean Peninsula Population Institute for Future estimated that under its worst-case scenario, the nation's population would decline from 51.68 million today to only 7.53 million by 2125, which is less than the number of people currently living just in the city of Seoul, as per The Korea Herald report. Even in the most optimistic scenario, the population would decline to less than a third of its present size, at just over 15 million, according to the report. While the median projection for the 2125 population is 11.15 million people, as per the research also found that the rapidly increasing pace of population fall in the median scenario would see the population drop 30% by 2075 and then by more than half over the following 50 years, according to The Korea READ: Vinod Khosla's dire warning: AI could wipe out 80% of jobs and crush Fortune 500 giants by 2030 The institute used a cohort component method to find the latest long-term forecast of Korea's demographic trends over the next century, as per the report. The method is an internationally recognised technique that estimates future populations by incorporating factors like birth rates, mortality rates and immigration patterns, reported The Korea to the report, the drop in population is because of falling birth rates and also due to a compounding effect; with fewer people in each successive generation, the pool of potential parents shrinks, further accelerating the research found that even the ageing crisis is expected to deepen, and in 75 years, the worst forecast is that for every 100 people of working age, defined as 15 to 64 years old, there will be 140 seniors aged 65 or older, as reported by The Korea present, 100 working-age individuals support about 30 senior citizens, which indicates that South Korea is on track to become an 'inverted pyramid' society, where the number of dependents will outnumber those who provide support, according to the READ: Diddy and the Mann Act: What the law says and why he's not guilty of trafficking The research also mentioned details of a social sentiment analysis based on some 60,000 posts from the workplace community app Blind, which focused on the thoughts of people in their 20s to 40s about marriage and childbirth, as per the findings of Blind show that younger generations now prioritise 'money' and 'housing' over 'love' when discussing marriage, reported The Korea Herald. Financial burdens were a key concern in the conversations regarding childbirth, as per the study concluded that decisions on marriage and parenting are increasingly influenced by economic conditions, rather than personal preference, according to The Korea READ: Diddy verdict in — you won't believe his net worth or how he's paying those massive legal bills Because fewer people are having children, and each smaller generation means even fewer parents in the between 7.5 million (worst-case) and 15.7 million (best-case), down from 51.7 million today, as per the Korea Herald report.
Time of India
31 minutes ago
- Time of India
Indian envoy to Paraguay discusses biz opportunities with UP minister
Lucknow: Indian ambassador to the Republic of Paraguay, Piyush Singh, met Uttar Pradesh's minister of industrial development, Nand Gopal Gupta 'Nandi', on Wednesday to explore avenues for bilateral cooperation. Tired of too many ads? go ad free now During the meeting, the minister briefed the ambassador on the state's rapid industrial progress and its emergence as a key investment destination. The ambassador informed the minister that business community in Paraguay was particularly interested in India's agri-tech platforms. He also conveyed Paraguay's strong condemnation of the recent terrorist attack in Pahalgam, and reaffirmed its support for India in the global fight against terrorism. The two also discussed potential collaboration in sectors such as trade, agriculture, healthcare, and information technology. Nandi extended an invitation to Paraguayan investors, entrepreneurs, and traders to participate in the five-day International Trade Show scheduled to be held in Noida in Sept 2025, highlighting the event as a platform to connect with the state's economic, social, cultural, and developmental achievements. Invest UP CEO Vijay Kiran Anand, MD of Pickup, Piyush Verma, joint export commissioner Pawan Agarwal, and other officials were also present.
Time of India
34 minutes ago
- Time of India
Rush-hour cab rides may now cost twice the base charge
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The ministry of road transport and highways has allowed cab aggregators to charge up to two times the base fare during peak hours, as against 1.5 times earlier, while for non-peak hours the fare could drop to a minimum of 50% of the base move is expected to benefit cab aggregators like Ola and Uber, among others. Besides, the ministry has advised states to adopt the revised guidelines within three months."The aggregator shall be permitted to charge a minimum of 50% lower than the base fare and a maximum dynamic pricing of two times the base fare specified under sub-clause (17.1)," the ministry said in its Motor Vehicles Aggregator Guidelines 2025 issued on the base fare chargeable shall be for a minimum of three kilometres to compensate for "dead mileage", including the distance travelled without a passenger and the distance travelled and fuel utilised for picking up the per the guidelines, the fare notified by the state government for the respective category or class of motor vehicles shall be the base fare chargeable to passengers availing services from the case of cancellations, a penalty of 10% of the fare not exceeding ₹100 shall be imposed on the driver, if the cancellation is made without a reason identified as valid by the aggregator.A similar penalty will be imposed on the passenger when such cancellation is made without a valid guidelines said the central government shall develop and designate a portal to enable for single-window clearance of application for licence as aggregator. "The licence fee payable by the aggregator shall be Rs 5 lakh and the licence shall be valid for a period of five years from the date of its issue," it said. Aggregators have been mandated to ensure that drivers have health and term insurance of at least ₹5 lakh and ₹10 lakh, it mandates appointment of grievance officers by the aggregators while restricting the use of vehicles older than eight years from the date of registration.
