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ISRO's PSLV-C62 mission on January 12 failed, resulting in the loss of 16 satellites, affecting Hyderabad start-ups Dhruva Space, TakeMe2Space, and Eon Space Labs. Dhruva Space had five deployers onboard, including satellites like Thybolt-3 and MOI-1.

The 14-kg MOI-1 was intended to act as a data center in space. The failure delays the in-orbit validation of Eon Space Lab's MIRA payload, a miniaturized space telescope. Start-ups expressed the need for a quick recovery and an alternative launch vehicle.

Dhruva Space had previously enabled 10 missions, providing various support technologies like the P-DoT platform and ground stations. The failure raises concerns about future PSLV missions and the reliability of the launch vehicle.