Chennai-based space startup AgniKul Cosmos has secured approximately ₹150 crore in fresh funding at a valuation of USD 500 million, marking a major step forward in its ambition to lead global reusable launch capabilities and expand production. The capital injection will support enhanced launch vehicle development, stage-recovery systems, an upper stage extension and the growth of its upcoming 350-acre space campus in India.
CEO Srinath Ravichandran explained that “the fresh capital will help the team focus on stage recovery, upper stage extension and building for the world from India.” The funding round included participation from multiple strategic backers: Advenza Global Limited, Atharva Green Ecotech LLP, HDFC Bank, Artha Select Fund, Prathithi Ventures and 100X.VC. Investors described AgniKul as a “stand-out example of deep tech innovation.” Adding to this sentiment, Arun Kumar of Celesta Capital voiced strong confidence in the startup’s global prospects, while Anirudh A. Damani declared, “India’s private space industry has arrived and the world is now watching closely.”
With over a dozen customers already lined up across India, the Middle East and Australia, AgniKul is scaling up its manufacturing of rocket components and doubling down on its reusable launch architecture. Co-founder Moin SPM pointed out that growing demand made “expanding operational depth the natural next step” as the company also enhances its advanced 3D-printing capabilities.
By ramping up production, advancing reuse technology and building out a domestic large-scale campus, AgniKul is positioning itself firmly within the global commercial launch arena. The influx of capital not only reinforces its technical roadmap but also signals investor belief in India’s ability to build world-class aerospace solutions from the ground up.
