Agnikul Cosmos raises $17M, valuing the spacetech startup at $500M

Agnikul Cosmos raised $17 million, valuing it at $500 million, from Advenza Global, HDFC Bank , and 100X VC. Funds will enhance aerospace production, reusable launch systems, and stage recovery tech through a new patent. The startup plans a 350-acre Tamil Nadu space campus. Founded in 2017, it builds small satellite launch vehicles. FY24 revenue hit ₹9 crore with ₹43 crore losses.