Chennai-based space tech startup Agnikul Cosmos on November 22 announced that it has raised around $17 million (Rs 150 crore) at a valuation of about $500 million.

The IIT-Madras–incubated space-tech startup builds 3D-printed rocket engines and small-sat launch vehicles.

Till now, it has launched a sub-orbital rocket, and the funding comes at a time when Indian space tech startups, and specifically rocket makers like Agnikul and Skyroot Aerospace are gearing up for their first full-scale launches.

The current round saw participation from family offices and institutional investors including Advenza Global Limited, Atharva Green Ecotech LLP, HDFC Bank, Artha Select Fund, Prathithi Ventures and 100X.VC.

Agnikul said the capital will be used to expand manufacturing of rocket and aerospace

See Full Page