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Fund crunch hits ambitious plans of space start-ups

Fund crunch hits ambitious plans of space start-ups
While Team Indus had backing from Nandan Nilekani, Ratan Tata and Flipkart founders Sachin and Binny Bansal, it could not even muster half of the Rs 4.5 billion it required for the mission to the moon. The aborted plan of Team Indus to land a spacecraft and rover on the moon by March after it failed to mobilise funds to hire a rocket from Indian Space Research Organisation (Isro) shows that investors are still wary of funding space start-ups in the country.   While Team Indus had backing ...
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