📩 CREDX Letters #003 - Startup & VC Report | Sept 30, 2026

Wednesday was a day for things you can touch. A capsule company raised $251M to make medicine in orbit. An Indian EV maker raised ₹1,750 crore for a new factory. A biotech cut a third of its staff and still closed its round.

Meanwhile, one New York startup raised $8M to teach warehouse robots from different brands to take orders from the same boss.

🚀 Varda raised $251M at a $1.6B valuation to make drugs in orbit. It still hasn't sold one.