Finvolve & India Accelerator Invest $1M in Satlabs to Build Real-Time Satellite Data Relay Network

Finvolve, a multi-stage venture capital fund focused on backing technology-led, high-impact startups, has announced an investment of INR 9 crore (USD 1 million) in Satlabs Space Systems, a deeptech space startup building next-generation satellite communication infrastructure to enable near real-time geospatial intelligence. The investment from Finvolve & India Accelerator (IA) will help Satlabs with capital, space-tech experts, go-to-market support, technology guidance, ecosystem access, and long-term strategic backing.

The investment will support Satlabs’ efforts to accelerate R&D, advance satellite deployment plans, and scale its data relay network, aimed at significantly reducing latency in Earth observation (EO) data transmission. The company 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.

Through this investment, Finvolve aims to play a strategic role in supporting Satlabs’ mission to build cost-efficient, scalable, and globally compatible satellite communication infrastructure, while strengthening India’s position in the rapidly evolving space-tech ecosystem.

Commenting on the investment, 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.”

Sharing his perspective on the fundraise, 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 progressing toward the launch of its proof-of-concept relay satellite, with plans for phased constellation deployment over the coming years. The company’s technology roadmap also extends into non-terrestrial industrial IoT connectivity, enabling real-time communication in regions beyond terrestrial network coverage.

Finvolve’s investment portfolio spans high-growth sectors including space-tech, EV and clean mobility, defence-tech, consumer internet, fintech, healthcare, and enterprise solutions. Backed by India Accelerator’s multi-thesis investment approach, Finvolve continues to strengthen India’s startup ecosystem by providing early and growth-stage capital to ventures driving innovation, scalability, and long-term impact.

ABOUT FINVOLVE

Finvolve is a multi-thesis growth and late-stage venture capital fund that supports startups across their growth journey—from pre-seed to pre-IPO. The fund partners with founders to provide growth capital, strategic guidance, and long-term support, helping companies scale sustainably and build enduring businesses. With investments across high-growth sectors, Finvolve focuses on backing teams that combine strong execution with clear market opportunity. The fund is supported by a broader startup ecosystem platform that enables access to networks, mentorship, and infrastructure, strengthening its ability to support founders beyond capital.

ABOUT INDIA ACCELERATOR

India Accelerator (IA) is India’s leading seed-stage startup accelerator and the recipient of the “Best Accelerator of the Country” award from Startup India (2022). Alongside its accelerator programs, IA actively invests in early-stage startups through its joint venture Finvolve, three AIFs, and a GIFT City Fund. IA provides founders with capital, mentorship, and market access, enabling scalable and sustainable growth.