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Angel Investor (Individual)

Investments

4

Portfolio Exits

1

About Jaideep Mehta

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Latest Jaideep Mehta News

Manastu Space raises $3 mn round led by IAN

Oct 26, 2023

New Delhi: Manastu Space has raised $3 million in pre-Series A round led by Indian Angel Network. IAN investors such as Tata Industries executive director KRS Jamwal, Jaideep Mehta, Sanjiv Bajaj, and Nitin Zamre participated in the funding round. The Mumbai-based space-tech startup, according to its co-founder Ashtesh Kumar, is actively developing a versatile green propulsion system designed for satellites, enhancing their manoeuvrability in space and safeguarding them from potential collisions with space debris. The funding will help Manastu Space develop its green propulsion system for satellites, ranging from 100-500 kg and scale its business. "It is now poised to implement its eco-friendly propulsion system, autonomous collision avoidance system, and further its R&D programme," the company said in a statement. Manastu Space hopes to validate its technology during a test flight in the coming year. It is also designing a fuel station in space to provide in-orbit refueling service for satellites which otherwise have to be abandoned after the on-board fuel is exhausted. Padmaja Ruparel, co-Founder at India Angel Network, said, "Manastu Space brings a complementary product to the commercial space ecosystem of the country. As they build and grow, I am sure Manastu will find its place in the global space tech industry." "The investors' belief in Manastu Space's product reflects a shared aspiration for a future where advances in space technology align with environmental responsibility. Notably, the company has already secured key contracts, including one with the Indian Defense, established partnerships with entities such as Latitude, a French startup, and recently formalized an agreement with iDEX, the Defense Innovation Organization, underscoring the substantial potential of their product," Manastu's another co-founder Tushar Jadhav added. Last month, the startup raised $3 million round led by Capital 2B, BIG Capital, and E2MC. Baring India, Wealthy, Roots Ventures, Riceberg Ventures, the founders of Atomberg, Spectrum Impact, and the family office of Aarti Industries also participated in the round. "Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here! Related Premium Stories

Jaideep Mehta Investments

4 Investments

Jaideep Mehta has made 4 investments. Their latest investment was in Edmingle as part of their Angel on June 28, 2021.

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Jaideep Mehta Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/28/2021

Angel

Edmingle

$0.3M

Yes

4

2/8/2021

Angel

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$99M

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10

5/26/2020

Bridge

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$99M

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10

2/9/2016

Angel

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10

Date

6/28/2021

2/8/2021

5/26/2020

2/9/2016

Round

Angel

Angel

Bridge

Angel

Company

Edmingle

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Amount

$0.3M

$99M

$99M

New?

Yes

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Co-Investors

Sources

4

10

10

10

Jaideep Mehta Portfolio Exits

1 Portfolio Exit

Jaideep Mehta has 1 portfolio exit. Their latest portfolio exit was Stylofie on January 19, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/19/2017

Acquired

$99M

1

Date

1/19/2017

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

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