Indian Spacetech Firm Agnikul Cosmos Nets $17 Mn At $500 Mn Valuation
- ByStartupStory | November 27, 2025
Chennai Startup Scales Reusable Rockets And 350-Acre Space Campus
Chennai-based spacetech startup Agnikul Cosmos has raised $17 million (₹150 crore) in a new funding round valuing the company at $500 million (₹4,200 crore), positioning it as one of India’s most valuable private spacetech firms. The round attracted investors including Advenza Global Limited, Atharva Green Ecotech LLP, HDFC Bank, Artha Select Fund, Prathithi Ventures, 100X.VC, and several family offices.
Pioneering 3D-Printed Reusable Launch Vehicles
Founded in 2017 by IIT-Madras alumni Srinath Ravichandran and Moin SPM, Agnikul develops customizable small satellite launch vehicles powered by single-piece 3D-printed rocket engines. The company achieved India’s first private launch from its own pad in May 2024, validating key technologies with ISRO and IN-SPACe support, and now advances lower stage recovery and upper stage extension via recent patents.
Funds will scale aerospace component production, boost launch frequency, and develop reusable architecture for cost-efficient orbital access. A portion supports a 350-acre integrated space campus in Tamil Nadu for end-to-end design, manufacturing, testing, and launches near the new Kulasekarapattinam pad.
Global Demand And Mission Roadmap
With over a dozen customers from India, Middle East, Australia, Europe, and Southeast Asia – plus a US office – Agnikul targets its next orbital mission carrying earth observation and communication payloads soon. CEO Srinath Ravichandran noted the raise accelerates missions while building world-class space transportation from India.
In FY24, Agnikul reported ₹9 crore revenue amid ₹43 crore losses, reflecting heavy R&D investment amid India’s private space sector boom. Investors like Artha Select Fund’s Anirudh A. Damani hailed its timing to meet unmet low-earth orbit demand globally and domestically.
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