Infosys to invest Rs 17 crore in IIT M-incubated spacetech startup GalaxEye

Infosys on Thursday said it has agreed to invest in space-tech startup, GalaxEye Space Solutions Pvt Ltd up to Rs 17 crore (approximately $2 million) as part of Infosys Innovation Fund. The cash investment will involve Infosys picking up a minority stake, less than 20%, as part of the series A round to pick up equity and compulsory convertible preference shares.