Spacetech company Agnikul Cosmos raises ₹150 crore at a ₹4,482 crore valuation from family offices, institutional investors

Spacetech company Agnikul Cosmos said on Saturday that it has raised approximately ₹150 crore ($17 million) in a fresh funding round, which values the company at about ₹4,482 crore ($500 million). The round saw participation from family offices and marquee institutional investors, including Advenza Global Limited, Atharva Green Ecotech LLP, HDFC Bank, Artha Select Fund, Prathithi Ventures, and 100X.VC.

The company will deploy this capital to scale production of aerospace and rocket components and advance its stage-recovery program. A portion of the funds is earmarked for the development of Agnikul’s upcoming integrated space campus on the 350 acres allocated by the Tamil Nadu Government, which will be used to build end-to-end facilities for the manufacturing and testing of launch vehicle systems.

“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. This fund raise allows us to work on such missions while also focusing on scaling launch frequency and building for the world, from India,” said Srinath Ravichandran, CEO and co-founder, AgniKul Cosmos, in a statement.

Agnikul will also use the fresh funds to strengthen its reusable launch architecture—building on its recently granted patent that extends the operational life of upper stages. This innovation opens new pathways for reusability and cost-efficient orbital access, marking a pivotal step towards becoming the world’s first recoverable small-satellite launch vehicle.

Moin SPM, co-founder and COO of Agnikul, commented, “With growing demand and more than a dozen customers eager to launch with us, scaling our operational depth was the natural next step. The indigenous facility, which is planned near the new upcoming launchpad of India, will equip us to serve these missions on schedule and with the responsiveness the market expects.”

Agnikul also recently announced its new Large Format Metal Additive Manufacturing Unit, which will enable it to use 3D printing for multiple subsystems beyond its engines. It has customers spanning India, the Middle East, and Australia.