Infosys Announces Strategic Investment in Space Startup GalaxEye with INR 17 Cr Funding Bengaluru-based GalaxEye develops multi-sensor satellites and synchronisation platforms for high-resolution, all-weather data. Its technology serves defense, insurance, logistics, agriculture, disaster management, and infrastructure sectors.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

Infosys has announced plans to invest up to INR 17 crore in space tech startup GalaxEye Space Solutions through its Infosys Innovation Fund.

According to a regulatory filing, the investment will consist of both equity and compulsory convertible preference shares. The transaction, which is set to be completed by September 30, 2024, will give Infosys a minority stake in GalaxEye, not exceeding 20% of the startup's total outstanding shares.

GalaxEye Space Solutions, founded at IIT Madras and headquartered in Bengaluru, is at the forefront of space technology. The company is developing multi-sensor satellites and synchronisation platforms that produce high-resolution, all-weather datasets. These technologies have broad applications in defense, insurance, logistics, infrastructure, agriculture, disaster management, and more.

This investment comes after GalaxEye successfully closed a USD 6.5 million funding round on August 1, 2024, led by Mela Ventures and Speciale Invest, with additional backing from Rainmatter, Navam Capital, and others. The funds are aimed at launching GalaxEye's inaugural satellite, the Drishti Mission, in 2025 and advancing its multi-sensor payload technology.

In 2022, the startup raised USD 3.5 million in seed funding, led by Speciale Invest, with participation from Zerodha founder Nithin Kamath and EaseMyTrip CEO Prashant Pitti. The company has also partnered with drone company IdeaForge to develop Synthetic Aperture Radar (SAR) payloads for defense applications.

This strategic investment from Infosys highlights the growing interest in space tech startups and the potential for innovation across industries.
Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.

Most Popular

See all
Starting a Business

Smart Business Owners Start at the End — How to Achieve Entrepreneurial Success by Taking a 'Backward Approach'

This article advises entrepreneurs to take a "backward approach" to success by first articulating their end goal, then developing milestones, and finally creating a brand, partnerships and a team to execute.

By Harmony Oswald
Leadership

The 4 Pillars of Leadership — How to Succeed as a People-Driven Leader

People-driven leaders prioritize relationships, trust and a positive work environment to foster engagement and team success. Here's everything you need to know about owning this leadership style.

By Hope Horner
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

By Eve Gumpel
Leadership

Entrepreneurs, Stop Putting Your Life on Hold. Here's Why Embracing Joy Fuels Success

Emphasizing the urgency of not postponing life's joys for entrepreneurial success, advocating for immediate action to balance work and life to avoid future regrets.

By Chad Willardson
Business News

Meta Says It Has Fired 20 Employees For Leaking Information: 'We Expect There Will Be More'

Meta has a strict no-leaks policy, but internal memos and meeting recordings have still made their way outside the company.

By Sherin Shibu
Starting a Business

I've Interviewed Over 100 Entrepreneurs Who Started Businesses Worth $1 Million to $1 Billion or More. Here's Some of Their Best Advice.

From Richard Branson to Martha Stewart and beyond, these founders reveal what it takes to build and lead successful companies.

By Amanda Breen