About Asteria Aerospace
Asteria Aerospace is a company based in Bengaluru (India) founded in 2011 by Nihar Vartak and Neel Mehta was acquired by Reliance Industries in December 2019.. Asteria Aerospace has raised $813.01 thousand across 1 funding round from investors including Reliance Industries, Boundary Holding and Kushal Vinodchadra Mehta. The company has 298 employees as of November 29, 2024. Asteria Aerospace operates in a competitive market with competitors including Wingtra, Delair, FlightWave Aerospace, Exyn Technologies and UrbanMatrix, among others.
- Headquarter Bengaluru, India
- Employees 298 as on 29 Nov, 2024
- Founders Nihar Vartak, Neel Mehta
- Stage Minicorn
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Sectors
Aerospace, Defense & Maritime
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Asteria Aerospace Limited
- Date of Incorporation 06 Jun, 2011
- Jurisdiction Ahmadabad City, Gujarat, India
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Annual Revenue
$4.86 M (USD)62.5as on Mar 31, 2024
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Net Profit
$-232.38 K (USD)64.6as on Mar 31, 2024
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EBITDA
$308.64 K (USD)360.09as on Mar 31, 2024
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Total Equity Funding
$813.01 K (USD)
in 1 rounds
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Latest Funding Round
$813.01 K (USD), Seed
Jul 28, 2018
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Investors
Reliance Industries
& 2 more
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Employee Count
298
as on Nov 29, 2024
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Acquired by
Reliance Industries
(Dec 13, 2019)
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Legal and Compliance
3 people
Leadership Team
2 people
Sales and Marketing
2 people
Logistics Team
1 people
Co Team
1 people
Unlock access to complete
Funding Insights of Asteria Aerospace
Asteria Aerospace has successfully raised a total of $813.01K through 1 strategic funding round. The most recent funding activity was a Seed round of $813.01 thousand completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $813,006
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First Round
First Round
(28 Jul 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Seed - Asteria Aerospace | Valuation | Boundary Holding |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Asteria Aerospace
Asteria Aerospace has secured backing from 3 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Reliance Industries, Boundary Holding and Kushal Vinodchadra Mehta. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Deep tech investments in AI and 4th industrial revolution technologies across Europe.
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Founded Year | Domain | Location | |
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Diversified conglomerate operating across multiple industries
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Founded Year | Domain | Location | |
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KV
Kushal Vinodchadra Mehta |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Asteria Aerospace
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Asteria Aerospace
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Asteria Aerospace Comparisons
Competitors of Asteria Aerospace
Asteria Aerospace operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wingtra, Delair, FlightWave Aerospace, Exyn Technologies and UrbanMatrix, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of drone-based surveying solutions
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| domain | founded_year | HQ Location |
Aerial imagery services are delivered via proprietary drones.
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| domain | founded_year | HQ Location |
UAVs for aerial surveying and data collection are manufactured.
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| domain | founded_year | HQ Location |
Fully autonomous aerial robotic systems developer
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| domain | founded_year | HQ Location |
AI-driven hardware and software for drone control are developed.
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| domain | founded_year | HQ Location |
Provider of autonomous drones
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Asteria Aerospace
Frequently Asked Questions about Asteria Aerospace
When was Asteria Aerospace founded?
Asteria Aerospace was founded in 2011 and raised its 1st funding round 7 years after it was founded.
Where is Asteria Aerospace located?
Asteria Aerospace is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Asteria Aerospace a funded company?
Asteria Aerospace is a funded company, having raised a total of $813.01K across 1 funding round to date. The company's 1st funding round was a Seed of $813.01K, raised on Jul 28, 2018.
How many employees does Asteria Aerospace have?
As of Nov 29, 2024, the latest employee count at Asteria Aerospace is 298.
What is the annual revenue of Asteria Aerospace?
Annual revenue of Asteria Aerospace is $4.86M as on Mar 31, 2024.
What does Asteria Aerospace do?
Asteria Aerospace was established in 2011 in Bengaluru, India, within the aerospace sector. Unmanned aerial vehicle systems are developed and provided for intelligence and surveillance purposes. The portfolio encompasses models such as A-400, a vertical take-off and landing mini UAS suited for security applications, along with Cygnus and Genesis. Operations focus on aerial intelligence solutions across various domains.
Who are the top competitors of Asteria Aerospace?
Asteria Aerospace's top competitors include Wingtra, Delair and Exyn Technologies.
Who are Asteria Aerospace's investors?
Asteria Aerospace has 3 investors. Key investors include Reliance Industries, Boundary Holding, and Kushal Vinodchadra Mehta.
What is Asteria Aerospace's valuation?
The valuation of Asteria Aerospace is $4.56M as of Jul 2018.
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