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A new generation of Indian entrepreneurs are building ambitious companies in space tech. One of them, Bellatrix Aerospace, has now set its sights on the global race to build a satellite for an ultra-low orbit.
High returns, RBI-regulated comfort, and easy withdrawals drew investors in. Now, with repayments drying up, the fintech platform, its NBFC partner, and the regulator are pointing fingers—leaving customers to chase their own money.
Despite reducing total losses, the electric scooter maker is losing double the money for every rupee it earns. Collapsing sales, shrinking market share and mounting cash pressure expose its vulnerabilities.