Indian startup SatLeo Labs raises $3.3 million to transform India’s space economy

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Startup Information

• Startup Name: SatLeo Labs
• Description: A spacetech startup focused on capturing high-resolution thermal and visible data from Low Earth Orbit (LEO).

Fundraising Details

• Funding Amount: $3.3 million
• Funding Round: Pre-Seed
• Date: [Date not specified in the text]

Investors

• Lead Investor: Merak Ventures
• Participating Investors:
  • Huddle Ventures
  • GVFL
  • Java Capital
  • IIMA Ventures
  • PointOne Capital
  • Manish Gandhi (Angel Investor)
  • Dheer Baldua (Angel Investor)

Founders

• Co-founders:
  • Shravan Bhati (Co-founder & CEO)
  • Urmil Bakhai (Co-founder & CSO)
  • Dr. Ranendu Ghosh (Co-founder & CTO)

Fundraising Purpose

• Advance development of thermal imaging payload
• Conduct feasibility studies
• Secure regulatory approvals
• Support team expansion and infrastructure setup
• Conduct pilot testing

Additional Notes

• The investment aims to position India as a leader in space-based intelligence and thermal imaging technology.
• The startup has received interest with over $25 million in Letters of Intent (LOIs) from potential clients.

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2025-04-30 10:44:43