Space startup Agnikul Cosmos on Saturday said it has raised ₹150 crore in a fresh funding round at over half-a-billion dollar valuation, which would be used to build resusable launch vehicles.
IIT-Chennai incubated Agnikul demonstrated a sub-orbital rocket launch last year and is planning to place small satellites into the low earth orbit using its 3D printed Agnibaan rocket next year.
The startup is also working on the recovery of the lower stage of the launch vehicle, which could be re-used for subsequent missions.
31 October 2025
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"This fund raise allows us to work on such missions while also focusing on scaling launch frequency and building for the world, from India," Srinath Ravichandran, CEO and Co-founder, AgniKul Cosmos, said.
The fund raising round saw participation from family offices and institutional investors such as Advenza Global Limited, Atharva Green Ecotech LLP, HDFC Bank, Artha Select Fund, Prathithi Ventures, and 100X.VC.
The company will deploy this capital in scaling production units of aerospace and rocket components and advance its stage-recovery programme.
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 for building end-to-end facilities for manufacturing and testing of launch vehicle systems, a company statement said.
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.
"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," Moin S P M, Co-founder and COO of Agnikul, said.
Agnikul claims to have customers spanning India, the Middle East, and Australia and aims to meet a globally distributed launch demand, cementing India's emerging leadership in the spacetech sector.
Recently, Agnikul also announced its new large format metal additive manufacturing unit, which will allow it to use 3D printing for multiple sub-systems beyond just its engines.
