CoinDCX, Neeraj Khandelwal, co-founder, has joined hands with senior scientists from the Indian Space Research Organisation (ISRO) to launch Astrobase, a Bengaluru-based spacetech startup. The founding team includes ISRO veterans Devakumar Thammisetty, Pawan Kumar, and Prashant M, bringing deep aerospace expertise to the table.
🚀 What is Astrobase?
Astrobase is working to build high-payload, cost-efficient satellite launch vehicles tailored for the new space economy. The startup is:
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Developing a methane-oxygen full-flow staged combustion engine
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Targeting payload capacity of 3 to 10 tonnes
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Planning three types of launch vehicle configurations:
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Fully expendable
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Partially reusable
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Fully reusable
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Aiming for $300 per kg launch cost by 2034
💰 Astrobase Funding Round Highlights
Astrobase has raised a $7 million seed round to power its growth:
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Initial filings showed Rs 60 crore ($7 million) raised, led by BanyanCo, a venture firm.
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The startup is currently valued at Rs 623 crore (~$72 million).
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Co-founder Khandelwal later confirmed a $7 million total seed round.
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Plans are underway to raise additional capital soon.
🏭 Engine Facility & Production Milestone
Astrobase has already moved from R&D to manufacturing:
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Secured an engine manufacturing facility in Bengaluru’s aerospace hub
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Facility is now fully operational
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Working with 10 senior ISRO scientists
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Completed designs for an orbital-class launch system
This rapid progress positions Astrobase to be a serious player in India’s commercial satellite launch ecosystem.
📈 Rise of Indian Spacetech Startups
Astrobase is entering a sector witnessing rapid momentum:
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In 2024, 13 Indian spacetech startups raised over $85 million
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In 2025 (so far), 10 startups have already secured more than $15 million
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Backed by strong investor interest and government support
🇮🇳 Government Support for Spacetech
To further boost innovation and reduce import dependence, the Indian government introduced major funding programs in 2025:
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Rs 500 crore ($58 million) fund launched via IN-SPACe
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Rs 1,000 crore ($116 million) VC fund approved for space-tech startups
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Aimed at promoting domestic R&D, private participation, and local production
🌌Why Astrobase Matters
Astrobase isn’t just another startup. It represents the convergence of India’s new-age entrepreneurial energy with legacy scientific expertise. By focusing on reusability, cost-efficiency, and domestic production, Astrobase could become a foundational force in making India a global satellite launch hub.
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