Infosys will invest Rs 17 crore ($2 million) in spacetech startup GalaxEye. Infosys' Innovation Fund will invest in equity and Series A compulsory convertible preference shares and expects the deal to close by September 30, 2024.
On August 1, GalaxEye Space announced the closing of its $6.5 million investment round led by Mela Ventures and Speciale Invest. The round also saw participation from ideaForge, with additional investments from Rainmatter, Navam Capital, Faad Capital, and Anicut Capital.