About Manastu Space
Manastu Space is a company based in Mumbai (India) founded in 2017 by Ashtesh Kumar and Tushar Jadhav. Manastu Space has raised $6.71 million across 10 funding rounds from investors including Atomberg, Dhruva Space and LetsVenture. The company has 54 employees as of September 15, 2025. Manastu Space offers products and services including Green Propulsion System and Debris Collision Avoidance System. Manastu Space operates in a competitive market with competitors including Dhruva Space, NanoRacks, Sierra Space, Hadrian and Open Cosmos, among others.
- Headquarter Mumbai, India
- Employees 54 as on 15 Sep, 2025
- Founders Ashtesh Kumar, Tushar Jadhav
- 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 Manastu Space Technologies Private Limited
- Date of Incorporation 17 Apr, 2017
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$264.6 K (USD)216848.53as on Mar 31, 2024
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Net Profit
-$206.53 K (USD)-402.53as on Mar 31, 2024
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EBITDA
-$132.49 K (USD)-393.46as on Mar 31, 2024
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Total Equity Funding
$6.71 M (USD)
in 10 rounds
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Latest Funding Round
$3 M (USD), Series A
Aug 12, 2025
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Investors
Atomberg
& 84 more
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Employee Count
54
as on Sep 15, 2025
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Products & Services of Manastu Space
Manastu Space offers a comprehensive portfolio of products and services, including Green Propulsion System and Debris Collision Avoidance System.
Provides efficient propulsion using green fuel to avoid satellite collisions.
Detects and prevents debris collisions for safer space operations.
Funding Insights of Manastu Space
Manastu Space has successfully raised a total of $6.71M across 10 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in August 2025. 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.
Investors in Manastu Space
Manastu Space has secured backing from 85 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Atomberg, Dhruva Space and LetsVenture.
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Multiple-stage venture capital investments are managed by Haystack.
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Venture capital firm focused on technology companies
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Private equity focused on software companies
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Investor details for Manastu Space
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Investments & Acquisitions by Manastu Space
Investment portfolio details for Manastu Space
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Financial Statements - Manastu Space
Detailed financials for Manastu Space
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Manastu Space Comparisons
Peer comparison for Manastu Space
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Competitors of Manastu Space
Manastu Space 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 Dhruva Space, NanoRacks, Sierra Space, Hadrian and Open Cosmos, among others.
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Provider of full stack space engineering solutions
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Space habitats are manufactured for microgravity research facilities.
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Engineering solutions are developed for space transportation, habitation, and applications.
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Hadrian is involved in manufacturing for future technologies.
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Nano-satellite platforms and mission launch services are offered.
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Detailed competitors of Manastu Space
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Latest news on Manastu Space
Complete news archive for Manastu Space
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Frequently Asked Questions about Manastu Space
Manastu Space was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Manastu Space is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Tushar Jadhav is the current CEO of Manastu Space. They have also founded this company.
Manastu Space is a funded company, having raised a total of $6.71M across 10 funding rounds to date.
As of Sep 15, 2025, the latest employee count at Manastu Space is 54.
Annual revenue of Manastu Space is $264.6K as on Mar 31, 2024.
Manastu Space was founded in 2017 in Mumbai, India, and operates in the aerospace sector focused on satellite propulsion. A platform is provided for developing green propulsion systems that utilize hydrogen peroxide as fuel, combined with additives. Upon combustion, catalytic decomposition of hydrogen peroxide is achieved to produce water vapor, oxygen, and heat. A proprietary high-temperature catalyst has been developed to support thruster performance and longevity.
Manastu Space's top competitors include Dhruva Space, Sierra Space and True Anomaly.
Manastu Space offers Green Propulsion System and Debris Collision Avoidance System.
Manastu Space has 85 investors. Key investors include Atomberg, Dhruva Space, LetsVenture, Roots Ventures, and Oswaal Books.
The valuation of Manastu Space is $11.12M as of Jun 2024.