Infosys has announced its plan to invest up to INR 17 crore in Bengaluru-based space-tech startup GalaxEye Space Solutions. The investment will be made through the Infosys Innovation Fund and includes a combination of equity and Series A compulsory convertible preference shares. This move will grant Infosys a minority stake, representing less than 20% of GalaxEye’s total share capital.
The transaction, scheduled to be completed by September 30, 2024, aims to support GalaxEye’s development of multi-sensor satellites and synchronization platforms. These technologies produce all-weather, high-resolution data, offering valuable insights to sectors such as defense, agriculture, disaster management, and more.
GalaxEye, which was incubated at IIT Madras, is working on satellite technologies designed to transform industries like logistics, utilities, mining, and infrastructure. Infosys’s investment is expected to accelerate the startup’s innovative projects and bolster the integration of space-tech solutions across multiple industries.
Key Highlights:
- Infosys is set to invest INR 17 crore in GalaxEye Space Solutions through its Innovation Fund.
- The investment will grant Infosys a minority stake of less than 20% in the space-tech startup.
- GalaxEye’s multi-sensor satellite technologies are poised to benefit industries such as defense, agriculture, logistics, and disaster management.
Union Budget 2025 statement by Domnic Romell, President, CREDAI-MCHI
“The Union Budget 2025 is a forward-looking blueprint that effectively touches upon key engines of development—agriculture, MSME, investment, and exports—ensuring sustained economic momentum.
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