Spacetech startup Agnikul Cosmos has secured ~₹150 crore (US$17 million) in fresh funding at a valuation of $500 million. The round saw participation from leading investors including Advenza Global Limited, Atharva Green Ecotech LLP, HDFC Bank, Artha Select Fund, Prathithi Ventures, and 100X.VC.
The capital infusion will enable Agnikul Cosmos to expand production units for aerospace and rocket components, accelerate its stage-recovery initiatives, and support upcoming launch missions.
A significant portion of the funds will be allocated to the development of the company’s integrated space campus on 350 acres allotted by the Tamil Nadu Government, which will house end-to-end design, manufacturing, and testing facilities for launch vehicle systems.
Also Read: Agnikul Cosmos Targets Fully Reusable Rockets for Small Satellite Launches
CEO and Co-founder Srinath Ravichandran said the company’s recent controlled ascent demonstration with ISRO and IN-SPACe has laid the foundation for scaling up technologies such as lower-stage recovery and upper-stage extension, both crucial for improving launch economics.
He added that the fundraise will help increase launch frequency while enabling India-built solutions for global space customers.
Agnikul Cosmos to Advance Reusable Launch Architecture
The new funding will also strengthen Agnikul Cosmos’ reusable launch architecture. The company recently secured a patent that extends the operational life of upper stages, marking a significant step towards developing the world’s first recoverable small-satellite launch vehicle.
Co-founder and COO Moin SPM noted that with demand rising and more than a dozen customers ready to launch, expanding operational capability is a natural next step. The upcoming indigenous campus near India’s new launchpad will help deliver missions with improved responsiveness.
Investors Highlight Global Growth Potential for Agnikul Cosmos
Investors expressed confidence in the company’s technological advancements and global readiness. Celesta Capital’s Managing Partner Arun Kumar said Agnikul’s approach aligns with rapidly growing global and domestic demand for Low Earth Orbit satellite launches.
He added that the company represents cutting-edge deep tech innovation emerging from India.
With customers across India, the Middle East, and Australia, Agnikul Cosmos is positioned to meet distributed launch demand and drive India’s leadership in spacetech.
Artha Select Fund’s Managing Partner Anirudh A. Damani said the firm’s largest cheque yet reflects strong conviction in Agnikul’s defining role in the future of orbital access.
Agnikul recently unveiled its Large Format Metal Additive Manufacturing Unit, enabling the use of 3D printing technology across multiple subsystems beyond its engines, further enhancing its manufacturing capabilities.
