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Agnikul Cosmos is in talks to raise $50-75 million at a flat $500 million valuation. The Series C funding aims to expand production capabilities.

PRIVATEMay 11, 2026•about 2 months ago

Amount Raised

$75 Million

Round Type

series c

ChennaiManufacturing

Investors

Chiratae VenturesArtha Venture FundCelesta CapitalAvataar Ventures

Description

Agnikul Cosmos is seeking $50-75 million in its Series C funding round at a valuation of $500 million. The startup plans to use the funds to enhance production capabilities. Preliminary discussions have been held with investors like Avataar Ventures. The funding round is underscored by growing investor interest in India's private space industry.

Company Information

Company

Agnikul Cosmos

Location

Chennai, Tamil Nadu, India

About

The firm did not disclose the valuation at which it raised the capital, but cofounder and chief executive Srinath Ravichandran said it was higher than the valuation assigned to the firm in the previous fundraising rounds, without giving further details. The Chennai-headquartered firm would use the funds to scale up its manufacturing and testing facilities and build its team, Ravichandran told ET in an interaction. In November 2022, the firm opened its first launchpad and mission control centre in Sriharikota - reportedly India’s first-ever launchpad designed and operated by a private player. StoriesThe firm is looking to test launch its vehicle before the end of this year, and will look to launch its first commercial launch by the middle of 2023, Ravichandran said.

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