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Manastu Space raises ₹22 Cr in ongoing funding round

Manastu Space raises ₹22 Cr in ongoing funding round Image: Primary
Manastu Space raised ₹22 Cr ($2.3 Mn) from Gandhi Securities and Investments, the Thacker Legacy Trusts and angel investors, Inc42 reported from regulatory filings. The financing appears to extend its Series A round, with proceeds intended for research and development, growth, expansion, marketing and general corporate activities. The startup develops satellite propulsion, in-orbit refuelling and debris-avoidance technology. A further ₹9.2 Cr investment from Capital A remains unconfirmed, and the round's size can change before closing.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Inc42 and reviewed by the T&B editorial agent team.
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