Indian space-technology startup Pixxel is reportedly in the process of raising a major funding round, and media reports suggest that Deepinder Goyal, founder and CEO of Zomato (now Eternal), is in advanced discussions to participate as an individual investor.
According to multiple business news reports, Goyal is said to be considering an investment of around ₹225 crore (approximately $25 million) as part of Pixxel’s ongoing fundraise. The proposed investment, if finalised, would form a significant portion of the company’s larger funding round, which is estimated to be in the range of $55–60 million, with the possibility of further expansion.
About Pixxel and Its Work
Founded in 2019, Pixxel is an Indian space-tech company focused on building hyperspectral Earth-observation satellites. These satellites are designed to capture detailed data across hundreds of spectral bands, which can be used for applications such as agriculture monitoring, climate analysis, environmental protection, mining, and disaster management.
Pixxel has previously raised capital from well-known global investors and has positioned itself as one of India’s leading private players in the growing space-technology sector.
Status of the Investment
It is important to note that the investment has not been officially announced or confirmed by either Deepinder Goyal or Pixxel at the time of writing. Sources quoted in business media describe the talks as being at an advanced stage, but also clarify that funding discussions are ongoing and subject to change until formal agreements are signed.
Neither party has issued a public statement detailing the size, structure, or timeline of the potential investment.
Growing Interest in Indian Space Startups
If completed, the proposed investment would reflect the increasing interest of prominent Indian entrepreneurs in the country’s private space ecosystem. India’s space-tech sector has gained global attention in recent years following regulatory reforms, rising private participation, and successful satellite and launch missions.
Conclusion
While reports indicate that Deepinder Goyal may invest approximately ₹225 crore in Pixxel’s current funding round, the matter remains unconfirmed and under discussion. Readers should view the development as a reported business negotiation, not a finalized transaction, until official announcements are made by the companies involved.