Indian deeptech space startup Satlabs Space Systems raises Rs 9 crore in funding

Indian deeptech space startup Satlabs Space Systems has raised Rs 9 crore in funding from Finvolve and India Accelerator (IA).

The latest investment would help Satlabs with capital, spacetech experts, go-to-market support, technology guidance, ecosystem access, and long-term strategic backing, the release notes.

The startup would also focus on accelerating R&D, advancing satellite deployment plans, and scaling its data relay network, aimed at significantly reducing latency in Earth observation (EO) data transmission.

Satlabs Space Systems is developing a constellation of low-cost data relay satellites designed to act as “floating ground stations” enabling faster, continuous communication between satellites and end users.

Founded by Sooraj Gopakumar and Saisree Eega, Satlabs is addressing a critical bottleneck in the space ecosystem: delays in downlinking Earth observation data due to limited ground station coverage. Its data relay solution aims to reduce latency from hours to minutes, and eventually near real time, enabling critical applications across defence, agriculture, disaster response, offshore energy, and industrial IoT.

Ashish Bhatia, Founder & CEO, IA, said, “Space infrastructure is becoming fundamental to how economies operate from national security to climate intelligence and industrial automation. Satlabs is solving a core structural problem in satellite communications by dramatically reducing data latency at a fraction of existing costs. At Finvolve, we are keen to back deeptech companies that combine strong engineering with long-term strategic relevance, and Satlabs fits that vision well.”

Saisree Eega, Co-Founder & CEO of Satlabs, said, “Our goal is to make real-time satellite data accessible, reliable, and scalable across the globe. Finvolve’s support allows us to accelerate development of our relay satellite network and move closer to enabling real-time decision-making from space. This investment is a strong validation of our technology and our long-term vision.”

Satlabs is currently working toward the launch of its proof-of-concept relay satellite, with plans for phased constellation deployment over the coming years. The startup's technology roadmap also extends into non-terrestrial industrial IoT connectivity, enabling real-time communication in regions beyond terrestrial network coverage.