Startup News 2026: Aule Space's Satellite 'Jetpack' & BlissClub's Rs 160 Cr Funding

30 SEC SUMMARY

Stay ahead with the latest startup news in 2026! From Aule Space's revolutionary satellite 'jetpack' to BlissClub's impressive Rs 160 crore funding, this article covers the most significant developments in the startup ecosystem.

TABLE OF CONTENTS

1. Aule Space’s Satellite ‘Jetpack’
2. Wakefit Starts FY27 with Profitability
3. BlissClub Bags Rs 160 Cr to Expand Product Range, Retail Footprint
4. PayU, Marg ERP Partner to Digitise Payments for Pharma Distributors, MSMEs
5. Six IIT Madras Faculty Receive ANRF J. C. Bose Grant
6. Private Community Launches in Bengaluru with AI-Powered Entrepreneur Platform
7. Medi Assist Appoints Gaurav Bhatnagar as Chief TPA Officer
8. Taggd Launches AI-Powered Recruitment Model with TARA

KEY HIGHLIGHTS

• Aule Space develops a satellite 'jetpack' to extend satellite lifespans
• BlissClub secures Rs 160 crore funding for expansion
• Wakefit achieves profitability despite cost pressures
• PayU partners with Marg ERP to digitize payments
• Six IIT Madras faculty receive prestigious J. C. Bose Grant

Aule Space’s Satellite ‘Jetpack’

Bengaluru-based startup Aule Space is pioneering a revolutionary solution to extend the operational life of satellites. Imagine a car that runs out of fuel; you wouldn’t abandon it, right? Similarly, Aule Space’s co-founder, Jay Panchal, envisions a 'jetpack' for satellites. This innovative device docks with satellites that have run out of fuel, effectively extending their operational life by several years. Panchal’s vision aims to reduce space debris and lower the cost of satellite launches.

Wakefit Starts FY27 with Profitability

Wakefit, a leading home and sleep solutions brand, has started FY27 on a strong note. Despite facing cost pressures, the company reported a 16.6% year-on-year increase in revenue, reaching Rs 404.9 crore for the June quarter. Profit after tax also rose by 19.2% to Rs 23.4 crore. The company attributes its success to robust growth in its own sales channels, rapid retail expansion, and improved gross margins.

BlissClub Bags Rs 160 Cr to Expand Product Range, Retail Footprint

Bengaluru-based athleisure brand BlissClub has secured Rs 160 crore in a funding round led by Singularity AMC. This significant investment will help BlissClub expand its product range and retail footprint. Founder Minu Margeret and partner Vidit Aatrey have also invested personal capital, while existing investors Elevation Capital and Eight Roads Ventures increased their commitments. This funding will fuel BlissClub’s growth strategy and market expansion.

PayU, Marg ERP Partner to Digitise Payments for Pharma Distributors, MSMEs

PayU has partnered with Marg ERP to provide an integrated payments solution for pharma distributors and MSME retailers. This collaboration embeds PayU’s payment infrastructure into Marg ERP, facilitating digital collections and automated reconciliation. Retailers can generate dynamic QR codes for invoice payments, while distributors can create payment links with bill-wise reconciliation directly within the ERP. This partnership aims to reduce manual reconciliation, improve cash flow, and enhance operational efficiency.

Six IIT Madras Faculty Receive ANRF J. C. Bose Grant

Six faculty members from IIT Madras have been awarded the Anusandhan National Research Foundation's J. C. Bose Grant. This prestigious award provides Rs 25 lakh annually for five years to support frontier research. The recipients are Prof. Sujatha Srinivasan, Prof. Thalappil Pradeep, Prof. Deepa Venkitesh, Prof. Jitendra S. Sangwai, Prof. Ramakrishnan Swaminathan, and Prof. Sundargopal Ghosh. This grant recognizes outstanding research achievements and supports high-impact scientific and engineering research.

Private Community Launches in Bengaluru with AI-Powered Entrepreneur Platform

AI-powered entrepreneur network Private Community has launched its Karnataka operations in Bengaluru. This marks the organization’s fourth state franchise in India after Maharashtra, Gujarat, and Tamil Nadu. The community connects founders and business leaders through its proprietary AI platform, COMBINE, which offers AI-powered business intelligence, peer collaboration, and expert insights. Led by Saji K George, Vaninath Reddy, and Mahesh Shivanna, the initiative aims to support entrepreneurs through structured learning programs and networking.

Medi Assist Appoints Gaurav Bhatnagar as Chief TPA Officer

Medi Assist Healthcare Services has appointed Gaurav Bhatnagar as the chief TPA officer. Based in Bengaluru, Bhatnagar will lead the company’s third-party administrator (TPA) business, focusing on operational excellence, technology adoption, member experience, and partnerships with insurers and hospitals. With over 18 years of experience across software, consumer, and services sectors, Bhatnagar joins from Coupang, where he led sales strategy and revenue operations for its advertising business.

Taggd Launches AI-Powered Recruitment Model with TARA

Taggd has introduced a new enterprise hiring model powered by TARA, its agentic AI recruitment assistant. Following its recent acquisition by EMA Partners, this model combines AI with embedded human recruiters, called Forward-Deployed Recruiters, to improve hiring efficiency and recruitment outcomes. Early deployments have shown improvements in hiring speed, talent matching, market intelligence, and stakeholder satisfaction. TARA will enable Taggd to offer enterprise-grade recruitment process outsourcing services to mid-sized businesses, expanding its addressable market while helping organizations scale hiring and reduce time-to-fill.

Conclusion

The startup ecosystem in 2026 is buzzing with groundbreaking innovations and significant funding rounds. From Aule Space’s satellite 'jetpack' to BlissClub’s impressive funding, these developments highlight the dynamic and ever-evolving nature of the startup world. Stay tuned for more updates on these and other exciting ventures.

Call-to-Action

For more startup news and insights, visit blogy.in.