EtherealX - About the company
EtherealX is a series A company based in Bengaluru (India), founded in 2022 by Manu J Nair and Shubhayu Sardar. It operates as a Developer of reusable medium-lift launch vehicles and related propulsion systems. EtherealX has raised $28.3M in funding from investors like YourNest, TDK Ventures and Campus Fund, with a current valuation of $*****. The company has 7 active competitors, including 2 funded and 2 that have exited. Its top competitors include companies like SpaceX, Rocket Lab and Blue Origin.
Company Details
Developer of reusable medium-lift launch vehicles and related propulsion systems. The company focuses on vertical landing launch vehicle technology and engine development. It designs liquid rocket engines and propulsion systems for space transportation. The company's engines utilize RP1/LOX propellant and a closed gas generator feed cycle.
- Website
- etherealx.space
- Social
- Email ID
- *****@etherealx.space
- Registered Address
- EtherealX, 1st Floor, UrbanVault Citrine, Sy no 43/4, Hebbal Village, Kasba Hobli, Bellary Road, Kodigehalli, Bangalore, Bangalore North, Karnataka, India, 560092
Key Metrics
Founded Year
2022
Location
Bengaluru, India
Stage
Series A
Total Funding
$28.3M in 5 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jan 06, 2026
Ranked
3rd among 7 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
26 as on Jul 31, 2025
Legal entities associated with EtherealX
EtherealX is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ETHEREAL EXPLORATION GUILD PRIVATE LIMITED CIN: U35300KA2022PTC161867 , India, Active | May 30, 2022 | 0 - ₹10 Cr (As on Mar 31, 2025) | 76 (As on May 01, 2026) |
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EtherealX's funding and investors
EtherealX has raised a total funding of $28.3M over 5 rounds. Its first funding round was on Jun 23, 2023. Its latest funding round was a Seed round on Mar 25, 2026 for $*****. 1 investor participated in its latest round. EtherealX has 17 institutional investors and 9 angel investors.
Here is the list of recent funding rounds of EtherealX:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 25, 2026 | 7969382 | Seed | 8067830 | 7985668 | 8193512 | 2118706 |
Dec 21, 2025 | 6114837 | Series A | 9378690 | 2223961 | 5389368 | |
May 19, 2025 | 5871720 | Seed | 5494706 | 5450642 | 7271837 |
Access funding benchmarks and valuations. Sign up today!View details of EtherealX's funding rounds and investors
EtherealX's founders and board of directors
Founder? Claim ProfileHere are the details of EtherealX's key team members:
- Manu J Nair: Co-Founder & CEO of EtherealX. They are also an angel investor in 1 startup and serve on the board of 1 company.
- Shubhayu Sardar: Co-Founder & COO of EtherealX. They serve on the board of 1 company.
EtherealX's Board of Directors
EtherealX's board has 5 active members. Manu J Nair, Shubhayu Sardar, Richa Bajpai, Ranjeet Ravindra Shetye and Prashanth Sharma are part of team.Here is the list of EtherealX's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 4y 2m | |
Team | - | Current | 4y 2m | |
Team | - | Current | 3y 3m | |
Investor | - | Current | 2y 8m | |
Investor | - | Current | 1y 10m |
View details of EtherealX's Founder profiles and Board Members
EtherealX's employee count trend
EtherealX has 26 employees as of Jul 25. The total employee count is 13.0% more than what it was in Jul 24. Here is EtherealX's employee count trend over the years:
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EtherealX's Competitors and alternates
Top competitors of EtherealX include SpaceX, Rocket Lab and Blue Origin. Here is the list of Top 10 competitors of EtherealX, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  SpaceX 2002, Hawthorne (United States), Public | Provider of advanced aerospace and space transportation services | $11.9B | 81/100 | |
2nd |  Rocket Lab 2006, Long Beach (United States), Public | Provider of launch services, spacecraft design, manufacturing, satellite components, and software | $288M | 69/100 | |
3rd | Developer of reusable medium-lift launch vehicles and related propulsion systems | $28.3M | 61/100 | ||
4th | Blue Origin 2000, Kent (United States), Funding Raised | Manufacturer of reusable launch vehicles for large payloads | - | 57/100 | |
5th | Developer of reusable launch vehicles for space operations | $14M | 42/100 | ||
6th |  Zigouplex 2024, Unfunded | Developer of next-generation space launch vehicles for diverse mission types | - | - | 24/100 |
7th |  andromach.space Funding Raised | Developer of reusable spaceplanes for microgravity research, testing, and production | - | 18/100 | |
8th |  HStellar 2021, Los Angeles (United States), Deadpooled | Manufacturer of reusable launch vehicles for large payloads | - | - | 15/100 |
9th | LunarXP 2018, Orlando (United States), Deadpooled | Manufacturer of reusable launch vehicles for large payloads | - | - | 15/100 |
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EtherealX's Latest cap tables and shareholding
Founders (largest shareholder) own 48.71%, Funds own 36.13%, Enterprises own 6.96% and Angels own 1.90%. The net worth of EtherealX's founders is INR 287Cr as of Jan 06, 2026.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 48.71% | 287Cr | 9353873 | 5278455 | 4765531 | 4936202 |
9776333 | 8295262 | 6424437 | 8154265 | 7952911 | 1897938 | |
7746888 | 4705171 | 5289271 | 2139582 | 2678139 | 9439739 | |
Fund | 36.13% | 213Cr | 8629095 | 2064298 | 8095709 | 5462217 |
8523434 | 4878661 | 6896445 | 9415050 | 6057025 | 6203756 | |
2534977 | 1325477 | 9281648 | 8099830 | 9498861 | 8410993 | |
833985 | 569822 | 769656 | 879395 | 118437 | 442194 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 6.96% | 41Cr | 821687 | 509550 | 281164 | 676165 |
Angel | 1.90% | 11.2Cr | 6 | 6 | 4 | 6 |
ESOP Pool | 6.30% | 37.1Cr | 503153 | 392010 | 925402 | 247119 |
Total | 100.00% | 589Cr | 2126711 | 1112927 | 7248969 | 9889494 |
To unlock detailed Cap Table of EtherealX Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of EtherealX's Shareholding
EtherealX's Investments and acquisitions
EtherealX has made no investments or acquisitions yet.
Reports related to EtherealX
Here is the latest report on EtherealX's sector:
News related to EtherealX
Media has covered EtherealX for a total of 7 events in the last 1 year, 1 of them has been about company updates.
•
EtherealX (The Guild): Bengaluru Startup Building World's First Fully Reusable Medium-Lift RocketOfficeChai•Aug 21, 2026•EtherealX
•
Bengaluru Spacetech “The Guild” Raises $20.5M to Build World’s First Fully Reusable Medium-Lift RocketIndian Startup Times•Jan 28, 2026•EtherealX, TDK Ventures, Accel, Bigcapital and 5 others
•
•
EtherealX Secures $20.5M to Advance Reusable Rocket DevelopmentStartupNews•Jan 15, 2026•TDK Ventures, Better Society Capital, EtherealX, Accel and 7 others
•
Ethereal Exploration Guild Raises Up To $5M in Series A FundingFinSMEs•Jan 15, 2026•TDK Ventures, EtherealX, Bluehill Capital, YourNest
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EtherealX Raises $21M in Series A FundingFinSMEs•Dec 21, 2025•Bigcapital, TDK Ventures, EtherealX, Accel
•
BlueHill VC to invest in Helex, top up investment in EtherealX as it looks to sharpen its deep-tech portfolioYourStory•Oct 23, 2025•Bluehill VC, EtherealX, Helex
•
Riceberg Ventures has launched USD 20 Million fund to support deeptech startups.Enablers•Jan 14, 2025•Riceberg Ventures, Signatur Biosciences, EtherealX, Keyron and 2 others
•
EtherealX raises $5 Mn in seed round led by YourNestEntrackr•Aug 06, 2024•EtherealX, YourNest, Bluehill Capital, Campus Fund and 7 others
•
Campus Fund, Others Invest In Spacetech Startup EtheralXVCWORLD•Feb 05, 2024•Riceberg Ventures, EtherealX, Campus Fund, Bluehill Capital
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