Space tech startup Agnikul raises Rs 23.4 crore funding led by Pi Ventures, Technology News, ETtech

Representative Image
Representative Image

Space technology startup Agnikul has raised Rs 23.4 crore in pre-series A funding led by Pi Ventures, as it looks to develop a satellite launch vehicle with a payload capacity of up to 100 kgs.

The funding round also saw participation from Hari Kumar of LionRock Capital, Artha Ventures, LetsVenture, Globevestor, IIM-Ahmedabad’s CIIE and existing investor Speciale Invest.

Agnikul, which is operating out of the National Centre for Combustion Research at IIT Madras, said it will utilise the funding to facilitate ground testing, fabrication and expansion of its team. The company is hoping to build a modular ultra light and affordable satellite launch vehicle.

Follow and connect with us on , Facebook, Linkedin

Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!