VC Fund Investments
Space-tech startup Manastu raises $3-M from Capital 2B, others
Mumbai-based space-tech start-up Manastu Space has raised USD 3 million (around INR 25 crore) from a host of institutional investors. The pre-series A funding round was led by Capital 2B, BIG Capital, and E2MC, and saw participation from Baring India through Sanchi Connect, Wealthyvia Ventures, Roots Ventures, Riceberg Ventures, Atomberg founders, Spectrum Impact, the family office of Aarti Industries promoters. The funds will be used to develop and deploy Manastu's green propulsion and debris collision avoidance system, and in-space services. Manastu is also developing a fuel station in space that can re-fuel satellites in orbit. Manastu claims to have several tie-ups, including one with the Indian Defense Ministry, and a partnership with Latitude, a French start-up.
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