# Manastu Space: Defense & space, Mumbai, India

> Manastu Space: Manastu Space is an Indian spacetech company founded in 2017 by IIT Bombay alumni Tushar Jadhav and Ashtesh Kumar. Based in Mumbai, India.

Source: https://millionrounds.com/startup/manastu-space (Millionrounds; every figure on the page links to its filing or article)

India · [Defense & space startup](https://millionrounds.com/companies)

# Manastu Space

Manastu Space is an Indian spacetech company founded in 2017 by IIT Bombay alumni Tushar Jadhav and Ashtesh Kumar.

Funding reported Last round: Seed

Defense & space Mumbai, India

Company summary

- **Founded:** 2017 9 years old
- **Team:** 120 51 to 200 people
- **Funding reported:** 6M as listed, currency not stated
- **Last round:** Seed Oct 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Manastu Space has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Manastu Space

Manastu Space is an Indian spacetech company founded in 2017 by IIT Bombay alumni Tushar Jadhav and Ashtesh Kumar.

Based in Navi Mumbai, Maharashtra, the company focuses on making space safe, sustainable, and accessible through innovative green propulsion and debris collision avoidance systems. Its mission is to eliminate debris pollution in orbit and enable safer space operations. The flagship product, the Vyom series of green propulsion thrusters, utilizes the proprietary MS289 green propellant, which is non-toxic and significantly safer than traditional hydrazine. This technology offers advantages such as higher productivity, extended satellite orbital life, and cost-effectiveness. Manastu Space also provides in-orbit servicing, de-orbiting solutions, mission design, and engineering services. The company serves a range of clients, including low-Earth orbit satellite operators, Indian defense agencies, and global satellite manufacturers, positioning itself as a leader in green space propulsion.

## What company datasets say Manastu Space raised

Funding, as reported

Reported in all **6M** in the source's currency

Rounds **2**

Last round **Seed**

Last round size **3M**

Last round date **Oct 2023**

Investors listed **14**

## Founders and team

From Manastu Space's own website: 2 founders.

**Tushar Jadhav** Co-Founder & CEO

**Ashtesh Kumar** Co-Founder & CTO

Advisers *C Paulmony* *Dr. Parag Bhargava*

## On 4 portfolio pages

Investors who name them

- [Lets Venture](https://millionrounds.com/fund/lets-venture)
- [Capital 2B](https://millionrounds.com/fund/capital-2b)
- [Riceberg Ventures](https://millionrounds.com/fund/riceberg-ventures)
- [BizDateUp](https://millionrounds.com/fund/bizdateup)

Each firm lists Manastu Space on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

space industry solutions hydrogen-peroxide fuel specific impulse space industry investment energy-efficient propulsion space traffic management system in-orbit fuel stations fuel station in space distribution navigation guidance manufacturing collision detection systems in-space refueling services affordable satellite thrusters orbital debris reduction space industry research

Built with from their website

Google Tag Manager Amazon CloudFront ANS Flow YouTube CloudFlare NCR Vision Rain Viewport Meta Polymer

+8 more

Varnish C3.js Webflow Hosting CloudFlare CDN React Microsoft Exchange Cloudflare Insights Unpkg

- **Sector:** Defense & space
- **Industry code:** NAICS 336419, SIC 3764, 3761
- **Region:** Maharashtra
- **Revenue:** 28.6M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/manastu-space)

## Defense & space in India

Startups like it

- [**Digantara** Bengaluru · founded 2020 *Raised*](https://millionrounds.com/company/digantara)
- [**CoreEL Technologies** Bengaluru · founded 1999](https://millionrounds.com/startup/coreel-technologies)
- [**Trident Infosol** Bengaluru · founded 2000](https://millionrounds.com/startup/trident-infosol)
- [**SpaceFields** Bengaluru](https://millionrounds.com/startup/spacefields)
- [**AgniKul Cosmos** Chennai · founded 2017](https://millionrounds.com/startup/agnikul-cosmos)
- [**Tonbo Imaging** Bengaluru · founded 2012](https://millionrounds.com/startup/tonbo-imaging-2)
- [**OrbitAID Aerospace** Chennai · founded 2021](https://millionrounds.com/startup/orbitaid-aerospace)
- [**Rangsons Aerospace Pvt Ltd** Bengaluru · founded 2011](https://millionrounds.com/startup/rangsons-aerospace-pvt-ltd)

## Is this your company?

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