STARTUP LEGAL4 Sept 2026
Newspace Research in talks to raise $35-40 million from 360 One, Avendus, others
Defence drone maker Newspace Research is trying to raise $35-40 million in a Series C round. Existing investor 360 One has given a term sheet, Avendus and family offices are involved. But talks face hurdles: revenue has swung wildly and government payments are delayed. Investors are carefully checking the company's ₹1,000 crore revenue projections, which have not materialised so far.
Key Statutory Highlights
- Newspace Research is looking to raise $35-40 million in a Series C round with equity and debt.
- Existing investor 360 ONE Asset has given a term sheet, while Avendus and some family offices are also involved.
- The company's revenue has swung from $13.5 million in FY23 to $12.2 million in FY25, with losses in recent years.
Actionable Advice for Taxpayers / Founders:If you are considering investing in a defence-tech startup, carefully review its revenue consistency and government payment track record before committing funds.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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