![\"GalaxEye](\"https:\/\/inc42.com\/wp-content\/themes\/inc42\/img\/datalab-crosslink\/hover-datalab-logo.svg\"){kind=logo}
has raised about \u20b944.2 Cr (about $4.8 Mn) as part of its extended Series A funding round from its existing investors.<\/p>\n\t\t\t\t\t\tSUMMARY<\/p>\n
GalaxEye has raised about \u20b944.2 Cr (about $4.8 Mn) as part of its ongoing Series A funding round<\/p>\n
The round saw participation from a host of investors like Speciale Invest, MV Core, Rainmatter, Mounttech Growth Fund, Grand Anicut Angel Fund, Navam Venture Fund, Faad Capital, LV Angel Fund, among others<\/p>\n
The startup claims to be building the world\u2019s first multi-sensor earth observation satellite<\/p>\n
Spacetech startup GalaxEye has raised about \u20b944.2 Cr (about $4.8 Mn) as part of its extended Series A funding round from its existing investors.<\/p>\n
The round saw participation from a host of investors like Speciale Invest, Mela Venture, Rainmatter, Mounttech Growth Fund, Anicut Capital, Navam Venture Fund, Faad Capital, LV Angel Fund, and Eraya Capital, along with a few individual investors.<\/p>\n
Among institutional investors, Mela Venture invested about \u20b912 Cr, Rainmatter invested about \u20b913.5 Cr, Mounttech put in \u20b918 Cr, while Speciale Invest poured in around \u20b98 Cr.\u00a0<\/p>\n
LV Angel Fund invested about \u20b94.8 Cr, while Eraya Capital Fund I, Grand Anicut Angel Fund, and Penmasta Teja Raju each invested roughly \u20b92.5 Cr.<\/p>\n
According to regulatory filings accessed by Inc42, the startup\u2019s board approved the issuance of 2,424 Series B1 compulsorily convertible preference shares (CCPS) with a face value of \u20b910 and a premium of \u20b91.82 Lakh per share through a private placement.<\/p>\n
Inc42 reached out to the startup for more details on the development, the story will be updated based on their responses.\u00a0<\/p>\n
Founded in 2021 by Suyash Singh, Denil Chawda, Kishan Thakkar, Pranit Mehta, and Rakshit Bhatt, GalaxEye builds multi-sensor earth observation satellites designed to provide high-resolution imaging and geospatial intelligence catering to sectors such as defence, agriculture, infrastructure and disaster management.\u00a0<\/p>\n
The startup claims to be building the world\u2019s first multi-sensor earth observation satellite. It aims to deploy a constellation of indigenous micro-satellites with data fusion capabilities.<\/p>\n
The funding comes at a time when India\u2019s spacetech ecosystem is seeing rising investor interest. According to Inc42 data, the funding in the sector surged 94% to $157 Mn in 2025 from $81 Mn in 2024, driven by growing demand for satellite data and communications infrastructure.<\/p>\n
As of now, India has more than 200 private space companies working across satellites, launch vehicles, communications infrastructure and downstream data services, as global demand grows for cost-efficient and reliable space technologies. As per Inc42\u2019s Annual Indian Startup Trends Report, 2025<\/a>, the Indian spacetech market is projected to cross $77 Bn by 2030.<\/p>\n ]]><\/p>\n","protected":false},"excerpt":{"rendered":"SUMMARY GalaxEye has raised about \u20b944.2 Cr (about $4.8 Mn) as part of its ongoing Series A funding…\n","protected":false},"author":2,"featured_media":343908,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[72,191,1302,61,60],"class_list":["post-343907","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entrepreneurship","tag-business","tag-entrepreneurship","tag-exclusive","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/343907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=343907"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/343907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/343908"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=343907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=343907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=343907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}