Mumbai, July 7 -- Temasek is leading a $100 million round in the Indian space-tech startup Pixxel at a valuation of $350-400 million, two people familiar with the matter said.

The Singapore-based sovereign wealth fund is expected to pump in more than $50 million as part of the round, which is expected to be a mix of primary and secondary, one of the people cited above said. "Existing investors, including GIC, are expected to double down on their investment," a second person said, confirming the above details.

Both people spoke on the condition of anonymity. Temasek declined to comment, while GIC and Pixxel did not respond to Mint's requests for a comment till the time of publishing.

Interestingly, both GIC and Temasek are also investor...