Agnikul Cosmos raises $17 million at $500 million valuation
27 Nov 2025, 04:47 PMThe funding was raised from Advenza Global Ltd, Atharva Green Ecotech LLP, HDFC Bank and Artha Select Fund, among others.
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Space tech startup Agnikul Cosmos has raised $17 million at $500 million valuation.
The capital was raised from family offices and marquee institutional investors such as Advenza Global Ltd, Atharva Green Ecotech LLP, HDFC Bank, Artha Select Fund, Prathithi Ventures, and 100X.VC.
The startup will use the fresh capital to scale the production units of aerospace and rocket components and boost its stage-recovery programme.
A portion of the capital will be deployed to develop Agnikul’s upcoming integrated space campus on the 350 acres allocated by the Tamil Nadu government.
"Given our previous successful controlled ascent launch that allowed us to demonstrate all our patented technologies with ISRO and IN-SPACe support, we have now been able to scale our strategy to include lower stage recovery and upper stage extension — features that will make the unit economics of launch services much better," said Srinath Ravichandran, CEO and co-founder, AgniKul Cosmos.
"This fund raise allows us to work on such missions while also focusing on scaling launch frequency and building for the world, from India," added Ravichandran.
Agnikul, which was founded in 2017 by Ravichandran and Moin SPM, develops small-lift launch vehicles and 3D-printed rocket engines.
In 2023, India’s space sector hit a funding peak of $130.2 million, a 32.9% rise from 2022. However, in 2024 investment in the sector fell by 55% in 2024 to $59.1 million, according to Tracxn. The decline came even as the government last year approved a Rs 1000 crore fund to invest in space tech startups.
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