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Drone-maker ideaForge picks up stake in space-tech co. GalaxEye for Rs.8.28 Cr
Source Inc42 (opens in a new tab)BSE Announcement (opens in a new tab)
Mumbai-headquartered, publicly-listed drone maker ideaForge Technology Ltd has made Series A investment of INR 8.28 crore in Bengaluru-based GalaxEye Space Solutions . The investment will help ideaForge develop drone-based sensors for fog and foliage penetrations.Founded in 2021 by Suyash Singh and Denil Chawda, GalaxEye Space Solutions is an IIT Madras incubated space tech startup which is building multi-sensor imaging satellites under ‘The Drishti Mission’. These satellites will enable governments, defence, and industries to perform advanced geospatial analyses.