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Mounttech Growth Fund, an early-stage venture capital firm founded by former defence secretary Ajay Kumar, is joining the $10 million funding round of spacetech startup GalaxEye. GalaxEye, focused on satellite-based Earth observation, has raised $10 million in a Series A funding round led by MountTech Growth Fund, with Kavachh as a strategic investor. Other investors include Mela Ventures, Speciale Invest, and ideaForge.
In a boost to #ElonMusk's Starlink, Communications Minister #JyotiradityaScindia has said the spectrum for satellite broadband will be allocated and not auctioned as sought by billionaires Mukesh Ambani and Sunil Mittal. https://t.co/KJDySRRP53
Government reiterates satcom spectrum to be alloted, rejects auction pitch from Ambani, Mittal https://t.co/ZbsIDBpU17 #Satcom #Jio #Airtel
#TechWithMC | IN-SPACe to make first #investment under Rs 1,000-cr venture fund this fiscal; seeks more details from #Starlink, Kuiper for approval: Chairman Pawan Kumar Goenka @DanishKh4n reports 👇 https://t.co/Y4e6cTj8sz #SpaceTech #ElonMusk
