News · Government, Defense & Space

GalaxEye secures ₹63.84 crore government support for satellite technology

By Startup Enthusiast · 24 September 2026

What they do

GalaxEye builds satellites that fuse radar and optical sensors to provide high-resolution, all-weather Earth imagery for defense, agriculture, and…

The company received ₹63.84 crore in government support via optionally convertible debentures to advance its proprietary OptoSAR imaging system to…

This funding supports the development of a 30-satellite constellation following the loss of its maiden Mission Drishti satellite due to a solar storm

The Technology Development Board has committed ₹63.84 crore in financial assistance to GalaxEye.
These funds are provided through optionally convertible debentures, which are debt instruments that may eventually turn into equity.
This capital is part of a larger ₹247.69 crore initiative to mature the firm's OptoSAR imaging platform.
The program aims to advance the system from Technology Readiness Level 6 to Level 9.
The firm intends to create a domestic satellite that achieves image clarity better than 0.5 metres.
The grant will finance the engineering, testing, and validation phases required for commercial deployment.

This support is issued under the national Research, Development and Innovation Fund established in 2025.
The fund is designed to encourage private sector involvement in strategic and deep-tech space endeavors.
GalaxEye recently lost contact with its first spacecraft, Mission Drishti, after a solar storm in July 2026.
The company is now prioritizing the creation of a 30-satellite fleet to provide consistent Earth observation data.

GalaxEye specializes in OptoSAR technology, which integrates Synthetic Aperture Radar and Electro-Optical sensors.
This fusion enables high-quality imagery that remains sharp regardless of weather, darkness, or cloud cover.
The firm serves clients in defense, agriculture, infrastructure, and disaster management sectors.
It focuses on delivering actionable intelligence rather than just raw data to assist with operational decision-making.
The company recently bought StarOps to improve its internal spacecraft manufacturing and engineering capabilities.
GalaxEye holds a US patent for the architecture that synchronizes its radar and optical imaging sensors.

Speciale Invest (existing) — Early-stage venture capital firm focused on deep-tech.
Rainmatter (existing) — Investment arm of Zerodha focused on climate and tech.

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