VC Fund Investments
Spacetech co Agnikul raises $20-M from Rocketship.vc: report
Chennai-based spacetech startup Agnikul Cosmos Pvt Ltd, incubated at IIT Madras, has reportyedly raised USD 20 million in its ongoing Series B round from Rocketship.vc and existing investors. The space-tech startup, last valued at USD 35 million, raised the fresh funds at a pre-money valuation of USD 180 million. Founded in 2017 by Srinath Ravichandran and Moin SPM, Agnikul designs, manufactures, tests and launches orbital class rockets for micro and nano satellites. Agnikul is also in talks with HNIs and family offices for raising funds as part of its ongoing Series B round.
From the Venture Intelligence PE-VC Deal Database: Between Feb-19 and May-21, Agnikul had raised about USD 15 M from Speciale Invest, Artha India Ventures, Beenext, Pi Ventures, Lionrock Capital, Mayfield, Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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