Spacetech startup Agnikul Cosmos raises $17 million at $500 million valuation

Spacetech startup Agnikul Cosmos has raised about Rs 150 crore ($17 million) in a new funding round, giving the company a valuation of $500 million. The investment came from several family offices and well-known institutional backers, including Advenza Global Limited, Atharva Green Ecotech LLP, HDFC Bank, Artha Select Fund, Prathithi Ventures, and 100X.VC.

Agnikul said the fresh capital will be used to scale production of aerospace and rocket components and to push forward its stage-recovery programme. Part of the funds will support the creation of an…