Manastu Space Secures ₹22 Crore in Series A Extension Round

30 Oct 2026, 3:43 pm · 3h ago · 1 min read · Inc42

Amount

₹22 Cr

Stage

Series A

Lead

Gandhi Securities and Investments

Mumbai-based spacetech startup Manastu Space has secured ₹22 crore ($2.3 million) in an ongoing funding round from Gandhi Securities and Investments, Thacker Legacy Trusts, and several angel investors. The fundraise serves as an extension of its Series A round, with plans to raise an additional ₹9.2 crore from Capital A. Founded in 2017 by Tushar Jadhav and Ashtesh Kumar, Manastu develops green propulsion systems using hydrogen peroxide fuel, in-orbit refuelling, and collision-avoidance technology for satellites. The capital will be utilized for research and development, operational growth, and commercial expansion.