Funding · Government, Defense & Space

GalaxEye raises ₹44.2 Cr in extended Series A

By Startup Enthusiast · 12 March 2026

What they do

GalaxEye builds multi-sensor earth observation satellites for high-res imaging and geospatial intelligence

It raised about ₹44.2 Cr ($4.8 Mn) in an extended Series A round from existing investors including Speciale Invest and Rainmatter

Indian spacetech funding surged 94% to $157 Mn in 2025, and the market is projected to cross $77 Bn by 2030

GalaxEye raised about ₹44.2 Cr ($4.8 Mn) in an extended Series A round.
The round came entirely from existing investors.
Investors include Speciale Invest, Mela Venture, Rainmatter, Mounttech Growth Fund, and others.
Mounttech Growth Fund invested the largest amount at ₹18 Cr.
Rainmatter invested about ₹13.5 Cr, and Mela Venture about ₹12 Cr.
The board approved issuance of 2,424 Series B1 CCPS at ₹10 face value and ₹1.82 Lakh premium per share.
GalaxEye also acquired StarOps, as per a press release on its website.

Indian spacetech funding surged 94% to $157 Mn in 2025 from $81 Mn in 2024.
India has over 200 private space companies across satellites, launch vehicles, and downstream data.
The Indian spacetech market is projected to cross $77 Bn by 2030 per an Inc42 report.

GalaxEye builds multi-sensor earth observation satellites for high-resolution imaging and geospatial intelligence.
It serves defence, agriculture, infrastructure, and disaster management sectors.
Its satellite Mission Drishti is the world's first OptoSAR EO satellite, combining SAR and MSI sensors on one platform.
Mission Drishti offers 1.8m fused resolution, India's largest privately built satellite with highest-resolution imagery from any private player.
The OptoSAR payload co-locates a high-res SAR sensor and a 7-band multispectral imager on a single satellite.
It captures both data streams in a single pass, eliminating the need for data fusion from separate sources.
The satellite delivers three times more information than a standalone sensor.
It operates in all-weather, day and night conditions, with SAR resolution up to 0.9 m in Spotlight mode.

GalaxEye aims to deploy a constellation of indigenous micro-satellites with data fusion capabilities.

Product: OptoSAR satellites combining optical and synthetic aperture radar for all-weather day-and-night Earth observation capabilities
Customers: Government agencies, defense establishments, agriculture, insurance and disaster response sectors globally
How it makes money: B2G and B2B model providing satellite Earth observation data and services
What sets it apart: Proprietary OptoSAR technology enabling weather-agnostic imaging with 66% indigenization and reduced global supply chain dependence
Operations: Vertically integrated satellite design and manufacturing through acquisition of StarOps with in-house engineering capabilities