Spacetech startup Agnikul Cosmos raises Rs 200Cr led by Celesta Capital, others

Spacetech startup Agnikul Cosmos has raised Rs 200 crore ($267 million) in a Series B funding round, taking its total funds raised to $40 million.

Agnikul Cosmos focuses on manufacturing launch vehicles and their flagship product, Agnibaan, is a suborbital rocket designed to validate the startup's technologies for commercial launches.

The fresh capital will be directed towards commercialization, investing in essential facilities like launchpads, and further infrastructure development.

The startup also plans to expand its team, with the CEO and co-founder, Srinath Ravichandran, mentioning a potential increase from the current 225 employees to around 325 in the next year.