Space-Tech Startup Agnikul Cosmos Raises Over $26 Million From Celesta Capital, Rocketship
Amount Raised
$26 Million
Round Type
Funding Round
ChennaiManufacturingSatellite CommunicationDescription
Space-tech startup Agnikul Cosmos has raised $26.7 million from investors like deep tech-focused venture capital firm Celesta Capital and investment firm Rocketship.vc, among others. The investment round also saw participation from existing investors like Mayfield, Artha Venture Fund, Pi Ventures and Speciale Invest. The firm did not disclose the valuation at which it raised the capital, but cofounder and chief executive Srinath Ravichandran said it was higher than the valuation assigned to the firm in the previous fundraising rounds, without giving further details.The Chennai-headquartered firm would use the funds to scale up its manufacturing and testing facilities and build its team, Ravichandran told ET in an interaction. The firm’s main products include a customizable vehicle to launch satellites into space called “Agnibaan”, and a mobile launch platform built on a repurposed truck called “Dhanush”.“The idea is to be able to configure the vehicle according to the customer demands, so they have the right pricing
Who else raised in Satellite Communication and Manufacturing around the same time
Companies in the same sectors as Agnikul Cosmos that raised within 45 days of this round, from Fundz verified event records.
- Stoke Space raised $100M (Series B) on October 6, 2023.
- Stoke Space raised $100M on October 5, 2023.
- Stoke Space raised $146M on September 15, 2023.
- Badger Bevs raised $2.5M (Seed) on December 1, 2023.
- BioFluff raised $2.5M (Seed) on November 30, 2023.
- Ursa Major Technologies raised $138M (Funding Round) on November 30, 2023.
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Related People
Agnikul Cosmos raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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