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
-
Sectors
Aerospace, Defense & Maritime
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Manastu Space Technologies Private Limited
- Date of Incorporation 17 Apr, 2017
- Jurisdiction Thane, Maharashtra, India
-
Annual Revenue
$264.6 K (USD)216848.53as on Mar 31, 2024
-
Net Profit
$-206.53 K (USD)-402.53as on Mar 31, 2024
-
EBITDA
$-132.49 K (USD)-393.46as on Mar 31, 2024
-
Total Equity Funding
$6.71 M (USD)
in 10 rounds
-
Latest Funding Round
$3 M (USD), Series A
Aug 12, 2025
-
Investors
Atomberg
& 84 more
-
Employee Count
54
as on Sep 15, 2025
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Manastu Space
Manastu Space offers a comprehensive portfolio of products and services, including Green Propulsion System and Debris Collision Avoidance System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series A — $3.0M
- First Round First Round
- Investors Count 85
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2025 | Amount | Series A - Manastu Space | Valuation | Capital A | |
| Jan, 2025 | Amount | Angel Round - Manastu Space | Valuation |
investors |
|
| Jun, 2024 | Amount | Seed - Manastu Space | Valuation | Haystack , Astrafamily |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
Multiple-stage venture capital investments are managed by Haystack.
|
Founded Year | Domain | Location | |
|
Venture capital firm focused on technology companies
|
Founded Year | Domain | Location | |
|
Private equity focused on software companies
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Manastu Space
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Manastu Space
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Manastu Space Comparisons
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. 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 |
Provider of full stack space engineering solutions
|
|
| domain | founded_year | HQ Location |
Space habitats are manufactured for microgravity research facilities.
|
|
| domain | founded_year | HQ Location |
Engineering solutions are developed for space transportation, habitation, and applications.
|
|
| domain | founded_year | HQ Location |
Hadrian is involved in manufacturing for future technologies.
|
|
| domain | founded_year | HQ Location |
Nano-satellite platforms and mission launch services are offered.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Manastu Space
Frequently Asked Questions about Manastu Space
When was Manastu Space founded?
Manastu Space was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Manastu Space located?
Manastu Space is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Manastu Space?
Tushar Jadhav is the current CEO of Manastu Space. They have also founded this company.
Is Manastu Space a funded company?
Manastu Space is a funded company, having raised a total of $6.71M across 10 funding rounds to date. The company's 1st funding round was a Seed of $131.83K, raised on Jan 07, 2019.
How many employees does Manastu Space have?
As of Sep 15, 2025, the latest employee count at Manastu Space is 54.
What is the annual revenue of Manastu Space?
Annual revenue of Manastu Space is $264.6K as on Mar 31, 2024.
What does Manastu Space do?
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.
Who are the top competitors of Manastu Space?
Manastu Space's top competitors include Dhruva Space, Sierra Space and True Anomaly.
What products or services does Manastu Space offer?
Manastu Space offers Green Propulsion System and Debris Collision Avoidance System.
Who are Manastu Space's investors?
Manastu Space has 85 investors. Key investors include Atomberg, Dhruva Space, LetsVenture, Roots Ventures, and Oswaal Books.
What is Manastu Space's valuation?
The valuation of Manastu Space is $11.12M as of Jun 2024.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.