Manastu Space raises ₹22 Cr in ongoing round

Picture: Inc42 · see the original ↗

Spacetech startup Manastu Space raised ₹22 Cr ($2.3 Mn) from Gandhi Securities and Investments, the Thacker Legacy Trusts and a clutch of angel investors, in what appears to be an extension of its Series A. It may raise a further ₹9.2 Cr from Capital A, yet to be confirmed. The Technology Development Board recently committed ₹116 Cr in optionally convertible debentures.

Source: Inc42 ↗