When was Devas founded?

Devas was founded in 2004 and raised its 1st funding round 2 years after it was founded.

Where is Devas located?

Devas is headquartered in Bengaluru, India. It is registered at First Floor, 29/1, Kaveriappa Layout Millers Tank Bund Road, Bangalore, Bangalore, Karnataka, India, 560052.

Who is the current CEO of Devas?

Ramachandran Viswanathan of Devas. They are also an angel investors in 1 startup.

Which legal entities is Devas associated with?

Devas is associated with DEVAS MULTIMEDIA PRIVATE LIMITED and 1 other.

How many employees does Devas have?

As of Mar 31, 2026, the latest employee count at Devas is 8.

Is Devas a funded company?

Devas is a funded company, having raised a total of $133M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on May 19, 2006.

How much is Devas worth?

The last known valuation of Devas was $***** as of Sep 29, 2009.

When was the latest funding round of Devas?

Devas' latest funding was a $***** Series C round on Sep 29, 2009, with participation from 4 investors. Its primary sector is Space Tech. In India, the Space Tech sector has seen $109M in funding in 2026 to date.

What is the annual revenue of Devas?

Annual revenue of Devas is ₹37.1L as on Mar 31, 2019.

Where does Devas rank among its competitors?

Devas ranks 48th amongst 148 active competitors, of which 12 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Astranis, which secured an undisclosed amount in May, 2026.

Who are the top competitors of Devas?

Devas' top competitors include Inmarsat, SES Satellites and Thuraya. Among them, Astranis secured the most recent funding round in May, 2026.

Devas - 2026 Company Profile, Team, Funding, Competitors & Financials

Devas is a deadpooled company based in Bengaluru (India), founded in 2004. It operates as a Provider of satellite communications services. Devas has raised $133M in funding from investors like Columbia Capital, Deutsche Telekom and Telecom Devas, with last known valuation of $*****. The company has 148 active competitors, including 12 funded and 26 that have exited. Its top competitors include companies like Inmarsat, SES Satellites and Thuraya.

Company Details

Devas provide satellite communications services. It provides Internet-based multimedia and data services to hand-held mobile terminals via the IP-based platform. The services provided include streaming video, audio, and data as well as web access, infotainment, and social applications. Its satellite system consists of S-band satellites and gap fillers.

Website: devasmedia.com
Email ID: *****@devasmedia.com
Registered Address: First Floor, 29/1, Kaveriappa Layout Millers Tank Bund Road, Bangalore, Bangalore, Karnataka, India, 560052

Key Metrics

Founded Year

2004

Location

Bengaluru, India

Stage

Deadpooled

Total Funding

$133M in 4 rounds

Latest Funding Round

Series C, Sep 29, 2009, $*****

Last Known Valuation

$***** as on Sep 29, 2009

Investors

Columbia Capital & 5 more

Ranked

48^th among 148 active competitors

Annual Revenue

₹37.1L as on Mar 31, 2019

Employee Count

8 as on Mar 31, 2026

Similar Companies

Inmarsat & 163 more

View Devas' full profile

Devas is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
DEVAS MULTIMEDIA PRIVATE LIMITED CIN: U92132KA2004PTC035261 , India, Under liquidation	Dec 17, 2004	$53.1K (As on Mar 31, 2019)	3 (As on Jun 30, 2017)
DEVAS MULTIMEDIA AMERICA, INC. CIN: 207780388 , United States, Active	Mar 12, 2016	-	3 (As on Dec 31, 2020)	-

Devas has raised a total funding of $133M over 4 rounds. Its first funding round was on May 19, 2006. Its latest funding round was a Series C round on Sep 29, 2009 for $*****. 4 investors participated in its latest round. Devas has 4 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Devas:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 29, 2009	8034243	Series C	4970750	8375246	9702207	7186170
Aug 11, 2008	6791320	Series B	8688915	4244057	3223479	8911382
Jun 18, 2007	2983417	Series A	4337866	8622663	Columbia Capital & 1 more	Lawrence T Babbio

Access funding benchmarks and valuations. Sign up today!

View details of Devas's funding rounds and investors

Here are the details of Devas' key team members:

Ramachandran Viswanathan: CEO of Devas. They are also an angel investor in 1 startup and serve on the boards of 2 companies.

Devas' Board of Directors

Devas's board has 9 active members. Arun Gupta and Chandrasekhar Mg are part of team and Rajendra Singh, Ramachandran Viswanathan, Sameer Ramkaran Karwa, Brijendra Kumar Syngal, Gary Michael Parsons, Kiran Sharadchandra Karnik and Lawrence Thomas Babbio Junior are independent board members.

Here is the list of Devas' board of directors:

Name	Type	Representing	Status	Duration
vdajgys	Team	-	Past	3y 6m
udtausy	Team	-	Past	6y 8m
ptwfcmz	Team	-	Past	1y 8m
Arun Gupta	Investor	Columbia Capital	Current	19y 11m
Rajendra Singh	Independent board member	-	Current	19y 11m
{dwmjvh	Independent board member	-	Current	6y 2m
hyapomw	Independent board member	-	Past	4y 8m
nftcjfr	Independent board member	-	Past	2y 3m
owjidfk	Independent board member	-	Past	9y 8m
sjskeai	Independent board member	-	Past	7y 9m
snxbeum	Independent board member	-	Past	4y 5m
xg{{ldw	Independent board member	-	Past	5y 1m

View details of Devas's Founder profiles and Board Members

Devas' employee count trend

Devas has 8 employees as of Mar 26. Here is Devas's employee count trend over the years:

Uncover Devas' growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Devas include Inmarsat, SES Satellites and Thuraya. Here is the list of Top 10 competitors of Devas, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Inmarsat 1979, London (United Kingdom), Acquired	Developer of satellite-based communication services	-	EchoStar, UBS & 3 others	70/100
2nd	SES Satellites 1985, Luxembourg (Luxembourg), Public	Provider of satellite-based communication services	-	BCEE, Greyrock Investments & 22 others	67/100
3rd	Thuraya 1997, Dubai (United Arab Emirates), Acquired	Provider of mobile satellite communication solutions	$291M	ANZ, Dubai Investments & 2 others	66/100
4th	Astranis 2015, San Francisco (United States), Series E	Developer of satellite-based communication services	$1.05B	Andreessen Horowitz, BlackRock & 59 others	65/100
5th	Telesat 1962, Ottawa (Canada), Public	Provider of data, wireless internet, and satellite communication services	$650M	Quebec, Canadian Space Agency	65/100
6th	Iridium Communications 2001, Mclean (United States), Public	Network of satellite communications providing voice, data, and messaging services	-	Herald Investment Management, Disruption Venture Partners ... & 1 others	63/100
7th	EchoStar 1980, Englewood (United States), Public	Provider of satellite communication infrastructure services	-	-	61/100
8th	Hispasat 1989, Madrid (Spain), Acquired	Provider of satellite communication, fixed telephony, and other infrastructure services	-	Europa, Abertis	61/100
9th	Globalstar 1991, Covington (United States), Public	Provider of satellite communication services	-	Cancom	58/100
10th	Astrome 2015, Bengaluru (India), Series A	Developer of satellite-based communication services	$15M	Apollo Global Management, Urania & 84 others	58/100
48th	Devas 2004, Bengaluru (India), Deadpooled	Provider of satellite communications services	$133M	Columbia Capital, Deutsche Telekom & 4 others	31/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Devas's competitors? Click here to see the top ones

Founders own 37.16%, Enterprises (largest shareholder) own 54.12%, Angels own 0.43% and Other People own 4.80%. The net worth of Devas's founders is INR 866Cr as of Sep 29, 2009.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	37.16%	866Cr	6924551	3787701	6797899	4469186
Enterprise	54.12%	1,260Cr	1758474	5542015	5237931	2154379
Angel	0.43%	10.1Cr	0	0	0	0
Other People	4.80%	112Cr	5536	1787	7306	2205
ESOP Pool	3.48%	81.2Cr	967	408	597	868
Total	99.99%	2,330Cr	8543643	3821351	8641761	1198629