About Manastu Space
Manastu Space is an Aerospace, Defense & Maritime company based in Mumbai (India) founded in 2017 by Ashtesh Kumar and Tushar Jadhav. Green propulsion systems for satellites are manufactured using hydrogen peroxide. Manastu Space has raised $6.71 million across 10 funding rounds from investors including Atomberg, Dhruva Space and LetsVenture. The company has 54 employees. Manastu Space was last valued at $11.12 million in June 2024. Its chief executive, as recorded, is Tushar Jadhav. Its Indian entity Manastu Space Technologies Private Limited reported revenue of ₹1.98 Cr. Manastu Space offers products and services including Green Propulsion System and Debris Collision Avoidance System. Its focus areas include Aerospace, Maritime and Defense Tech, NewSpace, Support Engineering and Diversified.
Company details
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.
- Headquarters Mumbai, India
- Employees 54
- Founders Ashtesh Kumar, Tushar Jadhav
- Stage Minicorn
- SectorsAerospace, Defense & Maritime
- Email••••••••
- Phone•••• ••••
- Website manastuspace.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Manastu Space Technologies Private Limited
- Date of Incorporation 17 Apr, 2017
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹1.98 Cr
FY 2025 · -12% YoY
- Net Loss-₹7.94 Cr
FY 2025 · -400% margin
- EBITDA-₹7.45 Cr
FY 2025 · -376% margin
- Total Equity Funding$6.71M (USD)
in 10 rounds
- Latest Funding Round$3M (USD), Series A
Aug 2025
- InvestorsAtomberg
& 84 more
- Employee Count54
Associated legal entities of Manastu Space
Manastu Space operates through Manastu Space Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Manastu Space Technologies Private Limited CIN U73200MH2017PTC293882 | Active | 17 Apr 2017 | Thane, Maharashtra | ₹2.0 Cr | 54 | 2 | View details |
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.
Apps and channels of Manastu Space
its YouTube channel Manastu Space has 1.39K subscribers and 20 videos.
Videos from Manastu Space
The most watched videos on Manastu Space's YouTube channel, Manastu Space (1.39K subscribers). Click a video to play it here.
More on Manastu Space.
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 $6.71M
- Total Rounds 10
- Last Round Series A — $3M
- Investors Count 85
All 10 funding rounds of Manastu Space with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2025 | $3M | Series A | – | Capital A | |
| Jan 2025 | Angel Round | – | – | ||
| Jun 2024 | $131,825 | Seed | $11.12M | Haystack, Astrafamily | |
| Aug 2023 | $3M | Seed | $9.56M | Capital 2B, BIG Capital | |
| Jun 2023 | $21,115 | Seed | $••••• | – | |
| Mar 2023 | $121,954 | Seed | $••••• | – | |
| Jul 2022 | $162,601 | Seed | $••••• | – | |
| May 2021 | $78,581 | Angel Round | $••••• | – | |
| Feb 2020 | $195,614 | Seed | $••••• | Shell E4, Shell | – |
| Jan 2019 | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2024 | $11.12M | •••••••• |
| Aug 2023 | $9.56M | •••••••• |
| Jun 2023 | $••••• | •••••••• |
| Mar 2023 | $••••• | •••••••• |
| Jul 2022 | $••••• | •••••••• |
| May 2021 | $••••• | •••••••• |
| Feb 2020 | $••••• | •••••••• |
Full valuation and stage history of Manastu Space
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Verified entity values are shown only after access is granted.
Last known valuation $11.12M (Jun 2024). 85 investors in total: 28 institutional and 57 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple-stage venture capital investments are managed by Haystack. | haystack.vc | Menlo Park, United States | ||
Venture capital firm focused on technology companies | capital2b.com | |||
Private equity focused on software companies | bigcapllc.com | Weston, United States | ||
Venture capital firm investing in tech sectors | e2mc.space | Orlando, United States | ||
Early-stage venture capital investments conducted in a sector-agnostic manner. | 2018 | roots-ventures.com | Gurugram, India | |
Spectrum Impact is engaged in solving societal issues through investments. | spectrum-impact.org | Mumbai, India | ||
Angel investor network investing in early-stage startups | iangroup.vc | Delhi, India | ||
Riceberg Ventures is focused on investing in deep tech startups. | riceberg.vc | Bangalore, India | ||
Venture capital fund focused on early-stage startups | aaremventures.tcc.mode | Mumbai, India | ||
Energy sectors are targeted by Shell-backed accelerator program. | e4.shell.in.tcc.mode |
Investor details for Manastu Space
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Manastu Space Technologies Private Limited (Manastu Space)
Manastu Space Technologies Private Limited is the primary company behind Manastu Space. The board of Manastu Space Technologies Private Limited currently have 2 directors; the longest-serving is Ashtesh Kumar, appointed in 2017. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashtesh Kumar DIN 07753062 | Director | 17 Apr 2017 | 9 yrs 6 mo | Manastu Space Technologies Private Limited |
| Tushar Pandit Jadhav DIN 07753078 | Director | 17 Apr 2017 | 9 yrs 6 mo | Manastu Space Technologies Private Limited |
People of Manastu Space
2 people are tracked at Manastu Space (2 in leadership); the tracked headcount is 54.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Manastu Space
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Manastu Space
Figures of Manastu Space Technologies Private Limited, the primary company behind Manastu Space, for FY 2025. Revenue was ₹1.98 Cr (-12% year on year). Net loss was -₹7.94 Cr (-400% margin). EBITDA was -₹7.45 Cr (-376% margin). Revenue has grown at a compounded annual rate of +53% over five years.
- ₹1.98 CrRevenue · FY 2025 · -12% YoY
- -₹7.94 CrNet loss · -400% margin
- -₹7.45 CrEBITDA · -376% margin
- ₹1.4 LakhPaid-up capital
- 54Employees (provident fund records)
- +53%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Manastu Space Technologies Private Limited are on its company page.
Detailed financial statements for Manastu Space
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Manastu Space
4 dated milestones of Manastu Space across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Manastu Space is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $3.0M.
Web traffic of Manastu Space
The website of Manastu Space (manastuspace.com) receives about 3.2K visits a month.
- Monthly visits3.2K
▼ 20.8% vs previous month
Top companies in Space Research & Technology
2 companies that operate in the same segment as Manastu Space (Space Research & Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of space launch services using Vikram series launch vehicles | 2018 | Hyderabad, Telangana, India | USD 150.87 M | USD 3.39 M | 924 | |
Private aerospace manufacturing and commercial launch solutions are provided. | 2017 | Chennai, Tamil Nadu, India | USD 72.14 M | 241 |
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Related news about Manastu Space
Complete news archive for Manastu Space
Full article history, source details, and older brand coverage require an active premium plan.
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Verified entity values are shown only after access is granted.
Articles about Manastu Space on our blog
- Space Tech Startups need more Resources13 Jun 2020
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 CEO of Manastu Space, as recorded in our data. 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.
Manastu Space has 54 employees.
The primary company behind Manastu Space, Manastu Space Technologies Private Limited, reported revenue of ₹1.98 Cr for FY 2025, down 12% year on year.
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 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.
Manastu Space operates through Manastu Space Technologies Private Limited.
The legal entities of Manastu Space currently have 2 directors, including Ashtesh Kumar, Tushar Pandit Jadhav.