On 4th August, cyber resilience startup Mitigata raised $5.9 million in Series A funding led by Nexus Venture Partners. Dhruva Space announced its first commercial satellite mission with SpaceX, and Swiggy launched DeskEats to serve office-goers across 30 Indian cities. Here’s a quick look at the key funding deals and top business news highlights in India from the day.
| Company | Sector | Funding Round | Amount (USD) | Lead Investor(s) | Other Investors |
|---|---|---|---|---|---|
| Mitigata | Cyber resilience / InsurTech | Series A | $5.9 million | Nexus Venture Partners | Titan Capital, WEH Ventures |
Mitigata secures $5.9 million in Series A funding
Bengaluru‑based startup Mitigata, which operates a full‑stack cyber resilience platform integrating cybersecurity, risk management, compliance and cyber insurance, has raised USD 5.9 million in its Series A round. The funding was led by Nexus Venture Partners, with continued support from Titan Capital and WEH Ventures.
Mitigata serves over 500 enterprises across 25 sectors, and is the first IRDAI‑regulated broker solely focused on cyber insurance in India. The fresh capital will support the development of its AI‑driven platform (featuring tools like RELIQ for cyber risk quantification), expansion of its services, and growth into global markets. The company plans to establish three Global Security Operations Centres (SOCs) in Bengaluru, Mumbai and Delhi, while scaling its team in security, insurance and compliance domains.
Key News Highlights for 4 August 2025
Dhruva Space to Launch First Commercial Satellite via SpaceX Falcon 9
Hyderabad‑based space tech firm Dhruva Space has confirmed that its LEAP‑1 mission — the startup’s first commercial satellite deployment — is scheduled to launch aboard a SpaceX Falcon 9 rocket in the third quarter of 2025. The mission will carry two payloads: Akula Tech’s Nexus‑01, an AI module, and Esper Satellites’ OTR‑2, a hyperspectral imager, both mounted on Dhruva’s indigenously developed P‑30 satellite platform — a system that was space‑qualified during ISRO’s PSLV‑C58 POEM‑3 mission in January 2024. The initiative marks a significant Indo‑Australian collaboration with growing US support.
Delhivery Shares Surge to Fresh 52‑Week High on Strong Q1 Performance
Shares of leading logistics firm Delhivery climbed approximately 5–6%, touching a 52‑week high at around ₹456–₹457 on both the BSE and NSE. The stock rally followed a robust 68.5% year‑on‑year net profit rise to ₹91 crore in the June quarter. In light of the solid performance, brokerage firm Motilal Oswal raised its target price for the stock, boosting investor sentiment.
VinFast Launches EV Production in India and Eyes Local Sourcing
Vietnamese EV maker VinFast officially commenced production at its first overseas manufacturing facility in Thoothukudi, Tamil Nadu, as part of a $500 million investment (with potential to scale to $2 billion). The plant has an initial capacity of 50,000 vehicles per annum, scalable to 150,000 units, and will manufacture two premium SUV models: the VF 6 and VF 7. VinFast is in talks with several component suppliers — including existing partners and local manufacturers — to localise sourcing and potentially shift production to India, positioning itself as a future export hub for the South Asia region.
Swiggy Rolls Out DeskEats Courting Office‑goers Across 30 Cities
Food delivery giant Swiggy has introduced DeskEats, a new service tailored to working professionals in over 7,000 tech parks, corporate hubs and business complexes across 30 cities, including Delhi, Mumbai, Bengaluru, Chennai, Gurugram, Pune and Kolkata. Accessible via typing “Office” or “Work” in the Swiggy app, DeskEats offers curated meal collections such as Stress Munchies, Deadline Desserts, Value Combos, Healthy Nibbles, One‑handed Grabbies and Teamwork Bites, with over 700,000 menu items from more than 200,000 restaurants. The service builds on Swiggy’s broader corporate strategy, already enrolling over 14,000 companies and 1.5 lakh employees in its workspace rewards programmes.
Apoorva Bajj
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