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Spacetech startup Agnikul raises $11m Series A funding led by Mayfield India


Spacetech startup Agnikul raises $11m Series A funding led by Mayfield India
Photo: Bill Jelen / Unsplash.com
May 20, 2021
Agnikul Cosmos Pvt Ltd, an IIT-Madras incubated spacetech startup, has raised $11 million in a Series A funding round led by venture capital firm Mayfield India.
Mayfield India’s managing partner Vikram Godse will be joining the board of the company. The Chennai-based company said the funds will be deployed to strengthen and build technology infrastructure, expand ground testing and build a team to help Agnikul become India’s first private player to launch satellites in space.
Existing investors pi Ventures, Speciale Invest and Artha Venture Fund also invested in this round along with BEENEXT, Globevestor and LionRock Capital. Prominent angel investors Anand Mahindra, Naval Ravikant, Balaji Srinivasan, Nithin Kamath, Abhishek Singhania, Aarthi Ramamurthy and Sriram Krishnan, Anicut Angel Fund, LetsVenture among others also participate ....

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Anand Mahindra-backed Agnikul raises $11 million in funding round led by Mayfield India


Anand Mahindra-backed Agnikul raises $11 million in funding round led by Mayfield India
The startup is developing Agnibaan, which is a private small satellite launch vehicle capable of carrying around 100 kg payload to Low Earth orbits with a plug-and-play engine configuration
BusinessToday.In | May 20, 2021 | Updated 13:42 IST
Anand Mahindra-backed launch vehicle startup Agnikul Cosmos has raised $11 million in Series A round, which was led by the global venture capital company Mayfield India. Existing investors pi Ventures, Speciale Invest, and Artha Ventures also invested in this round.
Besides, BEENEXT, Globevestor, and LionRock Capital, and angel investors like Anand Mahindra, Nithin Kamath, Balaji Srinivasan, Naval Ravikanth, Abhishek Singhania, Aarthi Ramamurthy and Sriram Krishnan have also backed the startup in Series A funding round. ....

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