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.
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.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
