Agnikul raises Rs 60 Cr in Series new round

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Space-tech startup Agnikul Cosmos has raised Rs 60 crore ($6.7 million) in a fresh funding round after a gap of two years. The company secured Rs 30 crore each from Advenza Global Ltd and Atharva Green Ecotech Pvt Ltd.

According to regulatory filings sourced from the Registrar of Companies (RoC), the company has issued 225 Series C1 compulsory convertible preference shares (CCPS) at an issue price of Rs 13,33,393.74 per share to Advenza Global Ltd and Atharva Green Ecotech Pvt Ltd each.

The object of raising the investment is mainly to meet the…



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Agnikul raises Rs 60 Cr in Series new round


Space-tech startup Agnikul Cosmos has raised Rs 60 crore ($6.7 million) in a fresh funding round after a gap of two years. The company secured Rs 30 crore each from Advenza Global Ltd and Atharva Green Ecotech Pvt Ltd.

According to regulatory filings sourced from the Registrar of Companies (RoC), the company has issued 225 Series C1 compulsory convertible preference shares (CCPS) at an issue price of Rs 13,33,393.74 per share to Advenza Global Ltd and Atharva Green Ecotech Pvt Ltd each.

The object of raising the investment is mainly to meet the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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