Agnikul raises $17 Mn at $500 Mn valuation to scale launches and infra

Share via:


Spacetech startup Agnikul Cosmos has raised about Rs 150 crore ($17 million) in a new funding round that values the company at about Rs 4,200 crore ($500 million), making it the one of the most valuable private spacetech firms in India.

The round saw participation from Advenza Global Limited, Atharva Green Ecotech LLP, HDFC Bank, Artha Select Fund, Prathithi Ventures, 100X VC, and several family offices.

Entrackr exclusively reported on Agnikul’s new funding round earlier this month.

Agnikul will use the capital to scale production of aerospace and…



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.

Popular

More Like this

Agnikul raises $17 Mn at $500 Mn valuation to scale launches and infra


Spacetech startup Agnikul Cosmos has raised about Rs 150 crore ($17 million) in a new funding round that values the company at about Rs 4,200 crore ($500 million), making it the one of the most valuable private spacetech firms in India.

The round saw participation from Advenza Global Limited, Atharva Green Ecotech LLP, HDFC Bank, Artha Select Fund, Prathithi Ventures, 100X VC, and several family offices.

Entrackr exclusively reported on Agnikul’s new funding round earlier this month.

Agnikul will use the capital to scale production of aerospace and…



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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

I gave my Dad audio smart glasses for Christmas...

Meet my Dad: He has mild to moderate hearing...

Corsair RM850x SHIFT 850W power supply review: Platinum performance...

Why you can trust Tom's Hardware Our expert reviewers spend...

Dolphin emulator for Android finally gets GameCube achievements

Robert Triggs / Android AuthorityTL;DR Dolphin release 2512 brings RetroAchievements...

Popular