Agnikul Cosmos Raises $50 Million Series C Ahead of Maiden Orbital Launch
Chennai-based spacetech startup Agnikul Cosmos has raised $50 million in a Series C round led by Celesta Capital, ahead of the maiden orbital flight of its Agnibaan launch vehicle.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $50 M |
| Stage | Series C |
| Valuation | $400 million |
| Lead investor | Celesta Capital |
| Headquarters | Chennai, India |
| Sector | Agnikul |
Agnikul Cosmos has raised $50 million in a Series C round as it prepares for the first orbital flight of its Agnibaan small satellite launch vehicle.
Round Snapshot
What Agnikul Builds
Agnikul has developed Agnilet, the world's first single-piece 3D-printed semi-cryogenic engine, and is integrating it into the modular Agnibaan SOrTeD vehicle, capable of delivering payloads up to 300 kg to LEO.
Use of Proceeds
Outlook
A successful orbital demonstration will position Agnikul as a credible challenger to Skyroot Aerospace in India's nascent private launch market, where global smallsat demand continues to outstrip supply.
Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
Enjoyed this article?
Get weekly startup insights delivered to your inbox.
Related Articles
Weekly Funding Recap: Indian Startups Raised $506 Million Across 37 Deals (Jul 20 – Jul 24, 2026)
Indian startups closed 37 disclosed deals worth $506 million in the week to July 24, 2026, with electric mobility, travel tech and agentic AI absorbing more than two-thirds of the capital.
Ultraviolette Raises $95 Million Series E to Triple Electric Motorcycle Capacity
Bengaluru-based electric motorcycle maker Ultraviolette raised $95 million in a Series E round to expand manufacturing capacity to 180,000 units a year and accelerate European exports.
Stayflexi Raises $28 Million Series B to Automate Hotel Operations Across India
Hospitality software company Stayflexi raised $28 million in a Series B round to expand its property management and dynamic pricing platform to 20,000 independent hotels across India and Southeast Asia.