Zaggle Set To Expand, FRAI Urges Govt. For Help, Pixxel and SatSure’s Latest Moves

Zaggle is on a mission to expand, planning three EBITDA-accretive acquisitions to supercharge its growth by FY26. Meanwhile, FRAI is urging the government to empower small retailers with tech to hold their ground against quick-commerce giants. On the cosmic frontier, over 30 players, including Pixxel and SatSure, are vying to design India’s next-gen Earth observation satellites, signaling a thrilling leap in space tech.

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“Ya Ali Madad Wali”: Provide Tech Platform To Help Retailers Fight Q-Commerce Giants, Says FRAI To Centre

The Federation of Retailer Association of India (FRAI) has appealed to the government for an “enhanced technology platform” to support traditional retailers.

This move aims to level the playing field against the rapid rise of quick commerce giants. FRAI’s call reflects growing concerns over the survival of small brick-and-mortar stores in an increasingly digital marketplace.

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“Anant Se Bhi Aage”: Pixxel, SatSure, 28 Others Submit Bids To Build Earth Observation System

India’s Earth observation ambitions are gaining momentum as 30 companies, including Pixxel, SatSure, and Tata Advanced Systems, vie to build a cutting-edge satellite constellation. The project will feature advanced imaging capabilities, from multispectral to hyperspectral and microwave technologies.

With nine consortium-led bids under review, IN-SPACe’s chairman, Pawan Goenka, highlights the growing industry interest in shaping India’s space future.

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“Strategy Ki Sakht Zarurat”: Flush With Funds, Zaggle Eyes 3 More Acquisitions By March 2025

Zaggle is making calculated moves on the acquisition front, targeting three highly EBITDA-accretive companies by March 2025.

Among its prospects is a merchant services provider with an EBITDA of INR 45 Cr, aligning with its profitability goals. These acquisitions are expected to bolster Zaggle’s path to achieving INR 2,000 Cr in gross revenue and up to INR 200 Cr in net profit by FY26.

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Deeptech startup Proxgy has welcomed cricketer Ajinkya Rahane as an investor in its $3 Mn Series A round. Known for its IoT-based wearables, Proxgy aims to scale operations and expand globally, enhancing workplace safety for blue-collar workers.

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