Debt Debt financing
Space-tech startup GalaxEye secures Rs.5-Cr from SIDBI VC
Bengaluru-based spacetech startup GalaxEye has secured INR 5 crore from SIDBI VC.Founded in 2021 by Suyash Singh and Denil Chawda, GalaxEye Space Solutions is an IIT Madras-incubated space-tech startup which builds multi-sensor imaging satellites that can enable governments, defence, and industries to perform advanced geospatial analyses.
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Between Jun 2021 and Jul 2024, GalaxEye had raised about USD 14 M from Infosys Innovation Fund, Anicut Capital, Mela Ventures, Navam Capital, Rainmatter Capital, Speciale Invest, Artha India Ventures, Dholakia Ventures and UpSparks.