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GalaxEye to Launch ‘Drishti’ Satellite via SpaceX, Aiming to Revolutionize Earth Observation!

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Indian space startup GalaxEye is preparing to launch its groundbreaking multi-sensor Earth observation (EO) satellite, Drishti, in collaboration with Elon Musk’s SpaceX. The mission is set for mid-2025, as revealed by Pranit Mehta, one of the company’s five co-founders and an IIT-Madras alumnus, during an exclusive interview with The Economic Times. Headquartered in Bengaluru and incubated at IIT-Madras, GalaxEye aims to become a key player in the satellite data industry.

Details of the Drishti Satellite

“This 150-kg, high-resolution, indigenously-developed satellite will be the first of a planned constellation of five. By this time next year, we’ll already be in space,” Mehta said. The Drishti satellite will be transported to the US for its final launch preparations.

“Our goal is to provide data solutions across various altitudes, delivering unmatched Earth observation insights,” he added.

Features and Capabilities

The Drishti satellite is designed to capture high-resolution imagery and will integrate advanced sensors for comprehensive data collection. It aims to serve various sectors, including agriculture, urban planning, disaster management, and environmental monitoring.

Strategic Shift to SpaceX

GalaxEye initially considered launching Drishti through ISRO’s spaceport but faced timeline challenges. “We are still in discussions with ISRO, but for this mission, we have finalized SpaceX. We’ll be the first Indian startup to launch via SpaceX, which feels like coming full circle since we were the Asian finalists in the SpaceX Hyperloop Competition back in 2019,” Mehta shared.

Significance of the Collaboration

Partnering with SpaceX not only provides access to reliable launch capabilities but also positions GalaxEye within a broader ecosystem of innovative space technology. This collaboration underscores the growing trend of private enterprises leveraging established aerospace companies for satellite deployment.

Infosys Joins the Mission

In September, Indian IT giant Infosys acquired a minority stake in GalaxEye for ₹17 crore, signaling a strategic partnership. Mehta emphasized the importance of Infosys’ involvement, particularly for managing the vast amounts of data the satellite will generate once in orbit.

“Having Infosys on board is critical. Instead of building IT solutions from scratch, we’ll leverage their expertise in data processing and signal management to develop downstream applications. With Infosys’ global reach and industry knowledge, we aim to maximize the satellite’s capabilities and serve a variety of sectors,” Mehta explained.

Benefits of Collaboration with Infosys

The partnership with Infosys enables GalaxEye to tap into advanced data analytics and processing capabilities, ensuring that they can handle large datasets effectively. This collaboration is expected to enhance the overall value proposition of Drishti by providing actionable insights across multiple industries.

Market Context and Future Prospects

With this ambitious collaboration and innovative technology, GalaxEye is poised to redefine Earth observation, combining advanced satellite data with strategic industry partnerships. The Indian space tech sector is rapidly evolving, with increased government support encouraging private players to enter the market.

Growth Opportunities

India’s satellite services market is projected to grow significantly, with estimates indicating it could reach $1.9 billion by 2030, growing at an annual rate of 36%. GalaxEye’s focus on emerging technologies aligns well with these market trends.

Conclusion

As GalaxEye prepares for the launch of Drishti via SpaceX, it stands at the forefront of innovation in Earth observation technology. The combination of advanced sensor capabilities and strategic partnerships positions GalaxEye as a significant player in the satellite data industry.

With continued support from investors like Infosys and collaborations with established aerospace firms like SpaceX, GalaxEye aims to deliver transformative solutions that address pressing global challenges related to environmental monitoring and resource management. As they move forward with their mission, all eyes will be on how Drishti can contribute valuable insights into our planet’s health and sustainability.

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Meta’s Upcoming AR Glasses: A Sneak Peek

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Meta’s Upcoming AR Glasses: A Sneak Peek,Startup News,Startup Stories 2025,Startup Stories India,Tech News,Meta,AR Glasses,Ray-Ban Smart Glasses,OLED displays,Qualcomm Snapdragon,AR and AI,Meta unveils new AR glasses with heart rate monitoring,Meta’s Upcoming AR Glasses,Meta News,Meta Latest News,Meta Updates,Meta Latest Updates,Orion AR glasses,Meta AR glasses,Meta's upcoming ar glasses,Meta Upcoming AR Glasses,Meta AR Glasses News,Meta AR Glasses Latest News,Meta AR Glasses Update,Meta AR Glasses Latest Update,Ray-Ban,Marketing,Apple,Google,Meta's AR glasses with Mark Zuckerberg,Mark Zuckerberg,Mark Zuckerberg Latest News,Mark Zuckerberg News,Technoly,Electronics,

Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.

Specifications and Features

The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.

Design and Competition

Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.

Future Plans

In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Nazara Technologies has sold its entire 71.54% stake in Sports Unity Private Limited, the company behind the multiplayer quiz game ‘Qunami’, for INR 7.15 lakh. This divestment, effective March 25, 2025, signifies a strategic shift for Nazara, which had previously acquired a controlling interest in Sports Unity in 2019 for INR 7.5 crore.

The decision to offload the stake comes as Sports Unity has faced financial difficulties, reporting no active business operations and a negative net worth of INR 0.45 crore at the end of FY24. This move aligns with Nazara’s broader strategy to streamline its operations and concentrate on more profitable ventures within the gaming sector.

This sale follows Nazara’s recent divestment of a 94.85% stake in another subsidiary, Open Play, to Moonshine Technologies for INR 104.33 crore. Despite reporting record quarterly revenue of INR 544.7 crore in Q3 FY25, Nazara experienced a 53.5% decline in net profit year-over-year.

Nazara continues to focus on enhancing its portfolio through strategic acquisitions and investments in high-potential gaming platforms while navigating the competitive landscape of the gaming industry.

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