MAM
GoSats teams up with Swiggy Instamart for asset-based rewards
Mumbai: GoSats, a pioneer in asset rewards and cashback, announces the recent conclusion of its strategic partnership with Swiggy Instamart. The partnership focused on offering the GoSats Elite Card worth Rs 999, completely free to Swiggy Instamart customers; The card came pre-equipped with an Rs 100 instant spendable balance and an additional 10% cashback in Gold/Bitcoin on all orders, up to Rs 100.
This marks yet another successful campaign for GoSats, who have previously collaborated with other prominent Indian e-commerce brands such as Myntra, Flipkart, Nykaa, Zomato, BigBasket and numerous others. At this recently concluded collaboration, Swiggy users in Bengaluru received a unique GoSats flyer with a QR code upon their grocery deliveries. The QR code allowed users to scan to claim the GoSats Elite Card free of charge and stand a chance to receive cashback from 100 premier brands.
Commenting on the incredible success of the partnership, GoSats co-founder & CEO Mohammed Roshan said, “We received a wonderful response from our partnership with Swiggy Instamart. Grocery delivery is on the rise in urban India, thanks to Swiggy Instamart, and the customers are always looking to get the best deals available out there. Grocery delivery now comes equipped with passive savings into asset classes via GoSats in a hassle-free way, exposing users to an entirely unique dimension to purchasing essentials.”
Since GoSats came into existence, it has been able to strike a meaningful interactive dialogue with its customers across India — enabling their financial planning and wealth creation conveniently and seamlessly. The firm allows users to swipe its cards anywhere to receive 1.5% cashback rewards, while also offering up to 20 per cent earnings on gift card purchases of top brands.
Brands
SatLeo Labs raises $5.5m seed funding led by Unicorn India Ventures
Fresh capital to power thermal satellite mission and AI data platform
MUMBAI: SatLeo Labs has raised $2.2 million in a fresh seed round led by Unicorn India Ventures, taking its total funding to $5.5 million as it steps up efforts to scale its space-based thermal intelligence platform.
The funding round also saw participation from existing backers including Merak Ventures, Java Capital, IIMA-CIIE and deep-tech investor Manish Gandhi.
The capital will be used to accelerate SatLeo’s flagship thermal satellite mission and further develop its AI-powered platform designed to deliver high-resolution thermal and visible data from low Earth orbit. The company aims to turn this data into actionable insights for sectors ranging from climate monitoring to urban planning.
Over the past year, SatLeo has scaled rapidly, growing its team from 8 to 30 specialists across satellite engineering, thermal sensing and AI-led geospatial analytics. It has also achieved a key milestone with the development of its first experimental payload, TAPAS-1, which reached near flight-ready status within six months and is now positioned for launch.
On the ground, the startup has begun translating its technology into real-world use cases. Pilot projects in cities such as Ahmedabad and Tumakuru have focused on monitoring urban heat islands and air pollution, impacting over 400,000 citizens. At the same time, its commercial pipeline has expanded sharply, with letters of intent rising from around $15 million to over $42 million within a year.
SatLeo Labs co-founder and CEO Shravan Bhati said, “Sustainability has become imperative amid accelerating climate change and rapid urbanisation. This fundraise represents a critical milestone as we move into the execution phase of our next mission.”
He added that the company is focused on scaling its satellite constellation and enhancing payload performance to deliver thermal intelligence at a global level.
Backing the startup, Unicorn India Ventures managing partner Bhaskar Majumdar said, “Space is an arena where the next wave of technological innovation will emerge. SatLeo’s ability to combine thermal and visible satellite data into real-time insights positions it strongly for long-term growth.”
Looking ahead, SatLeo plans to focus on launch readiness, expanding commercial deployments and scaling its technology stack over the next 12 months.
As demand for climate and environmental intelligence grows, SatLeo’s latest fundraise signals rising investor confidence in space-tech solutions that bring data from orbit down to everyday decision-making.
