<ul><li>Google-backed space tech firm Pixxel witnessed a 2X increase in revenue from operations in FY24.</li><li>The company reported Rs 28.7 crore in operating revenue, an 87.2% YoY increase from the previous year.</li><li>However, its losses widened to Rs 20.4 crore in FY24 due to higher expenses, which rose by 92.3% YoY.</li><li>Pixxel raised Rs 185.4 crore via rights issue and plans to use the funds for satellite creation and achieving sustainable growth.</li></ul>

Google-backed space tech Pixxel sees 2X revenue growth in FY24

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