[Update] Agnikul Raises $17 Mn At $500 Mn Valuation

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SUMMARY

Agnikul has secured $17 Mn (about INR 150 Cr) at a valuation of $500 Mn

The startup plans to use the capital for scaling production units of aerospace and rocket components and advancing its stage-recovery programme

Also, some of the funds will be used to strengthen its reusable launch architecture, with an aim of making it the world’s first recoverable small-satellite launch vehicle

Update | November 22, 12:58 IST

Spacetech startup Agnikul Cosmos has secured $17 Mn (about INR 150 Cr) from Advenza Global, Artha…



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[Update] Agnikul Raises $17 Mn At $500 Mn Valuation


SUMMARY

Agnikul has secured $17 Mn (about INR 150 Cr) at a valuation of $500 Mn

The startup plans to use the capital for scaling production units of aerospace and rocket components and advancing its stage-recovery programme

Also, some of the funds will be used to strengthen its reusable launch architecture, with an aim of making it the world’s first recoverable small-satellite launch vehicle

Update | November 22, 12:58 IST

Spacetech startup Agnikul Cosmos has secured $17 Mn (about INR 150 Cr) from Advenza Global, Artha…



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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