Startup Atlas · Aerospace & Defense

NewSpace Research and Technologies

Newspace Research & Technologies Private Limited ● Bengaluru, Karnataka ● Founded 2017 ● newspace.co.in ↗
Sameer Joshi · CEO & Director Julius Amrit · COO & Director
$89.51 MnTotal funding (tracked)
4Funding rounds
29 Aug 2025Last round

NewSpace Research and Technologies: Financial Breakdown

Figures below are FY2024, standalone basis, compiled from filings and disclosures — every year cited to its source.

Rs 96.25 lakhTotal revenue · -99.1% YoY
Loss of Rs 62 croreNet loss

Revenue by fiscal year

051015$MRs 15.5 crore: $2.1M2.1FY2021Zero (nil): $0M0FY2022Rs 103 crore: $12.8M13FY2023Rs 96.25 lakh: $0.1M0.1FY2024

Net profit / loss by fiscal year

-8-6-4-202$MProfit of Rs 1.75 crore: $0.2M0.2FY2021Loss of Rs 19 crore: $-2.6M-2.6FY2022Loss of Rs 62 crore: $-7.5M-7.5FY2024

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY2024 Rs 96.25 lakh — — Loss of Rs 62 crore source
FY2023 Rs 103 crore — — Profit (exact amount not disclosed in source; FY24 loss stated as "compared to a profit in the previous year") source
FY2022 Zero (nil) — — Loss of Rs 19 crore source
FY2021 Rs 15.5 crore — — Profit of Rs 1.75 crore source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: newspace.co.in entrackr.com · Last verified 7 Sep 2026. · Report a correction