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Mint
29-07-2025
- Business
- Mint
Data creates a revenue path for India's fledgling space startups
For India's fledgling space startups, offering data analytics to clients across sectors is turning into a viable revenue stream as the industry grows out of the early phase of proving its technical and product competence. Bengaluru-born Pixxel uses its hyperspectral or high-resolution imaging satellites to supply earth observation data to clients,according to media reports. Its same-city peer Digantara, which also has one satellite in orbit, offers processed data to fellow satellite operators to help them map the earth's lower orbit, and manoeuvre satellites better to avoid debris and incidental collision, Mint previously reported. Fellow startup GalaxEye is, too, building its first imaging satellite and placing it in orbit later this year. Suyash Singh, GalaxEye's chief executive, told Mint that in the long run, the company expects its satellite capability to help gain clients who would purchase high-resolution, low-latency data to circumvent cloud covers and challenging terrain. The race for satellite data marks the coming of age of India's space startups since the sector was significantly opened up to private players five years ago. The ecosystem has gradually matured, with satellite firms transitioning to commercial models. India's space economy is projected to generate $44 billion in annual revenue by 2033, according to estimates by the Indian National Space Promotion and Authorization Centre (In-Space). Earth observation and data-related services could account for nearly 40% of it. Such a scale would come from customers who repeatedly purchase satellite data, according to Devroop Dhar, managing director and cofounder of management consulting firm Primus Partners. He cited examples of subscription access for change detection in crops, alerts for maritime anomalies, risk scoring for insurers and more. 'It is less about owning a piece of space and more about embedding space into day-to-day business decisions." 'The question is no longer what you captured, but how it helps someone make a decision," said Dhar, suggesting that monetization has changed from earlier when it was centred around payloads, launch contracts or tech demonstrators, mostly to government clients or for niche commercial engagements. Queries sent to Pixxel and Digantara did not immediately elicit a response. Digantara's chief executive officer Anirudh Sharma told Mint previously that the company is setting up an assembly line in response to rising demand from governments worldwide over the past six months, as more of them look to build their own space defence and surveillance systems and seek direct access to satellite data. Technological advances and a shift in strategic focus are propelling this transition. As satellite hardware shrinks and onboard processing becomes more advanced, space startups are no longer just focused on being satellite manufacturers or simply supplying raw data to vendors. They call it an "orbit to insight loop" to supply large volumes of processed data at low latencies as their core business model. Launch service providers, too, see data driving demand. Agnikul Cosmos and Skyroot Aerospace have completed solitary sub-orbital demonstrator missions—these do not enter the earth's orbit and serve as proof of technology only. The startups are in talks with data-focused clients such as agri-tech companies, fleet monitoring players and analytics firms. 'Our plan is to scale to a launch every two weeks," said Srinath Ravichandran, cofounder, Agnikul Cosmos. 'Even at 50 launches a year, I'm barely at 10% of the market demand. Our order pipeline already indicates clear dominance of satellite payloads increasing due to the demand for data—about 35-40% are imaging satellites." Ravichandran said the demand for data is coming "from hedge funds trying to predict urbanization, land utilization and betting on real estate, to city corporations using high-resolution imagery to track urban trends". Naga Bharath Daka, cofounder of Skyroot Aerospace, said that satellite manufacturers striking early deals with the firm for 'putting GPUs in satellites to process data in orbit. Many are downlinking only insights, not raw images." 'Many large firms across end-user applications are now investing in having their own satellites to gain direct insight," he said. 'As more operational players enter the market, booking a launch could soon become as simple as booking a cab at short notice." Earlier this month, Mint reported the rise of space-based surveillance as a major business stream for Indian space firms, with clients willing to pay up to $100 per square kilometre per week from a single satellite and providing scope for multi-million-dollar satellite data contracts on an annualized basis. However, to reap all the benefits, these startups will have to invest heavily early on to put multiple satellites in orbit—without which uninterrupted satellite data is difficult to procure. 'There can be no substitute for in-orbit satellites," said Sreeram Ananthasayanam, partner at consulting firm Deloitte India. 'You need a certain number of satellites to improve latency. In other words, demand and capital are akin to the perennial chicken and egg problem, plaguing several deep technology sectors."
Time of India
05-07-2025
- Science
- Time of India
Numericals pose challenge in LU entrance
Lucknow: Lucknow University conducted its UG Entrance Test 2025 in two shifts on Saturday. The morning session saw around 70% turnout for the D Pharma exam, while 66% of candidates appeared for the BSc (Agriculture) paper in the evening shift, with mixed reactions regarding the difficulty level of the exams. "The paper was mostly balanced, but the chemistry section had tricky numerical questions. I had to spend extra time on those, which made the end a bit rushed," said Suyash Singh. "Biology was moderate overall, but 4–5 questions were unexpected. It required close reading of NCERT. I couldn't finish my paper on time," said another candidate, Atharv Bansal. "The GK section was quite easy, but the agriculture questions went deep into the books. I was a bit confused," said BSc (Agriculture) candidate Anjali Yadav.
Time of India
24-06-2025
- Business
- Time of India
World Economic Forum features 10 Indian startups as Tech Pioneers; spacetech wins big
The World Economic Forum (WEF) has featured 10 Indian startups among its 2025 cohort of 100 'Technology Pioneers,' recognising emerging companies building breakthrough solutions across sectors like space tech , electric mobility , robotics, and healthcare. This year's selection highlighted India's growing role in the global deep tech ecosystem, with space startups making up the largest segment of India's representation. Startups such as Agnikul Cosmos, Digantara, and GalaxEye were recognised for their contributions in space launches, space situational awareness, and earth observation technologies, respectively. These space tech startups are currently preparing for major missions in the coming year, and recognition from WEF is expected to draw greater global investor interest in India's growing space economy. The selected startups will now work closely with WEF's platforms to contribute to global discussions on technology, sustainability, and inclusive growth. Agnikul, GalaxEye, and The ePlane Company were incubated at IIT-Madras , which has built a robust deeptech ecosystem. The ePlane Company is developing electric flying taxis aimed at easing urban congestion. 'We find this acknowledgement to be a great motivator for us to accelerate our developments in space tech by building new innovations in earth observation,' Suyash Singh, founder of GalaxEye, told ET. Live Events He added that with the startup announcing its second satellite last week amid growing demand for geospatial data, the recognition reaffirms their belief in the global relevance of their work. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Other Indian companies recognised in the cohort include Exponent Energy, known for its rapid-charging battery systems for electric vehicles (EVs), CynLr for its work in robotics and machine vision, Freight Tiger for building a software-enabled freight network, SolarSquare for residential solar energy systems, Dezy for AI-driven dental diagnostics, and Equal for identity verification and consent-driven data sharing. Venture capital firm Speciale Invest, which backed four of the 10 Indian startups selected as Technology Pioneers - Agnikul, ePlane, CynLr, and GalaxEye, said the global recognition affirms not only their audacious vision across space launch, flying taxis, robotic vision, and multi-sensor satellite intelligence, but also marks a pivotal moment for India's rise as a deeptech leader. 'This milestone is a testament to their boldness, ingenuity, and the world-class innovation emerging from India,' said Vishesh Rajaram, managing partner at Speciale Invest. The Technology Pioneers community features 100 early-stage companies from 28 countries driving innovation across industries and borders. 'The geography of innovation is also evolving. While the United States remains the top contributor to the community, Europe's share has surged to 28% – up from 20% last year – reflecting the rise of strong tech ecosystems across the region. China and India are also emerging as major tech innovation hubs,' WEF said in a statement.
Hans India
20-06-2025
- Business
- Hans India
Spacetech startup GalaxEye announces plans to build second satellite with 0.5m resolution
Bengaluru, 20th June, 2025 — GalaxEye, a Bengaluru-based space-tech startup pioneering Syncfusion SAR-Optical imaging satellite technology, has announced the development of its second satellite amid growing global demand for sharper and faster geospatial insights. Engineered to deliver near 0.5 metre resolution, the satellite will ensure elevation in detail and quality of insights for the defence use cases among other critical sectors. The announcement follows closely on the heels of GalaxEye's upcoming first satellite, Mission Drishti, which is scheduled for launch later this year. Drishti offers a resolution of 1.25 metres and serves as a key milestone in demonstrating the company's proprietary technology stack, including a proven sensor system and Data Processing pipeline tested over 500 drone flights and spaceflight missions such as the POEM payload. GalaxEye's second satellite will not only deliver improved spatial resolution but also reduce revisit time to under three days, significantly enhancing the responsiveness and utility of its constellation. Notably, the world's first SyncFusion SAR-Optical satellite, originally designed in India, will now also be fully built in-house—highlighting GalaxEye's growing manufacturing and systems integration capabilities. To support this expansion, the company also plans to scale its facilities in the near future. 'Building on the experience from our first satellite—set to launch later this year—and the evolving needs of our defence customers, we're thrilled to take the next big step in scaling our constellation and deepening our mission impact,' said Suyash Singh, Founder & CEO of GalaxEye. 'What excites us most is that this second satellite will be entirely built in-house. Our sensor stack has already been tested on over 500 aerial test flights, backed by a proprietary signal processing toolchain, the success of the POEM payload, the Drishti (1.25m) launch, and purpose-built software to extract actionable insights. As we move forward, we're committed to greater vertical integration—working closely with resilient partners across the satellite supply chain. The world today demands faster, sharper, and more persistent eyes in the sky. With enhanced resolution and performance, our second satellite marks a significant leap in unlocking richer, more detailed analytical intelligence.' GalaxEye extends its gratitude towards ISRO, IN-SPACe and NAL for their guidance and support. Their commitment to nurturing India's space-tech ecosystem has been vital in our journey to push boundaries in Earth observation innovation. At a time when geopolitical conflicts and cross-border threats are escalating, nations are actively seeking sharper, more reliable satellite data to safeguard national interests. The second satellite, designed with mission-critical applications in mind, offers real-time, all-weather capabilities and will also serve adjacent sectors like disaster response, urban security, maritime awareness and risk intelligence. 'As early backers of GalaxEye, it's incredibly rewarding to see them announce their second satellite. The dual-use potential of their technology — spanning defence, national security, and commercial sectors — is truly exciting. GalaxEye's bold vision to bring reliability and Service Level Agreements to satellite imagery – all time all weather imagery – is a game-changer. We've believed in their mission from the start, and with the technology now de-risked, it's time to scale.' said Vishesh Rajaram, Managing Partner at Speciale Invest. With the launch targeted for late 2026 or early 2027, the company is currently undergoing mission concept and preliminary design reviews, and is strategically positioning to expand into high-priority international defence markets including the United States, West Asia and Europe.
Economic Times
19-06-2025
- Business
- Economic Times
Infosys-backed GalaxEye plans new satellite to meet global demand for geospatial data
ETtech (L-R) Rakshit Bhatt, Suyash Singh, Denil Chawda, Kishan Thakkar, Pranit Mehta, cofounders, GalaxEye Infosys-backed space tech startup GalaxEye said it will develop another imaging satellite given the growing demand for geospatial data globally for agriculture, mining, and defence. The new satellite will have a near 0.5 metre resolution for quality insights needed in critical sectors. The Bengaluru-based startup said its first satellite, Mission Drishti, scheduled for launch later this year from SpaceX, has a resolution of 1.25 both the satellites, GalaxEye will be using its proprietary technology by combining synthetic aperture radar (SAR) and optical multi-spectral imaging (MSI), aiming to provide all-weather information. The startup said the second satellite will not only deliver improved spatial resolution but also reduce revisit time to under three days, improving the responsiveness and utility of its constellation.'The world's first SyncFusion SAR-Optical satellite, originally designed in India, will now also be fully built in-house, highlighting GalaxEye's growing manufacturing and systems integration capabilities,' the startup said in a statement, adding that it will also expand its current manufacturing capabilities. IIT-Madras alumnus and CEO of the startup, Suyash Singh, said the two satellites will give a big boost to data collection and the evolving needs of defence customers. 'Our sensor stack has already been tested on over 500 aerial test flights, backed by a proprietary signal processing toolchain, the success of the POEM payload, the Drishti (1.25 m) launch, and purpose-built software to extract actionable insights,' the CEO said. Singh added that the startup will also focus on vertical integration as the clients demand more persistent eyes in the sky, expecting detailed analytics data. 'GalaxEye's vision to bring reliability and Service Level Agreements to satellite imagery—all-time, all-weather imagery—is a game changer. We've believed in their mission from the start, and with the technology now de-risked, it's time to scale,' said Vishesh Rajaram, Managing Partner at Speciale Invest, an early investor in the startup. To date, the startup has raised $22.09 million over six rounds, with Infosys owning a minority stake worth $17 crore. The firm is currently undergoing mission concept and preliminary design reviews and is strategically positioning itself to expand into high-priority international defence markets, including the United States, West Asia, and Europe.
