{"id":1626,"date":"2023-10-19T06:44:03","date_gmt":"2023-10-19T06:44:03","guid":{"rendered":"https:\/\/www.founderlabs.in\/?p=1626"},"modified":"2023-10-19T06:44:03","modified_gmt":"2023-10-19T06:44:03","slug":"agnikul-cosmos-raises-rs-200-crore-readying-for-suborbital-rocket-launch","status":"publish","type":"post","link":"https:\/\/www.founderlabs.in\/?p=1626","title":{"rendered":"Agnikul Cosmos Raises Rs 200 Crore, Readying for Suborbital Rocket Launch"},"content":{"rendered":"\n<p><strong>Agnikul Cosmos<\/strong> Raises Rs 200 Crore, Readying for Suborbital Rocket Launch<\/p>\n\n\n\n<p>Space tech startup Agnikuk Cosmos has raised nearly Rs 200 crore from its Series B funding Round. The Chennai-based company plans to conduct a suborbitalrocket launch from its private pad in the next two months, marking India&#8217;s second<br>private launch after Skyroot&#8217;s Vikram-S. Here are some more details about the space tech venture.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"256\" height=\"288\" src=\"https:\/\/www.founderlabs.in\/wp-content\/uploads\/2023\/10\/Agnikul-Cosmos.png\" alt=\"\" class=\"wp-image-1628\" srcset=\"https:\/\/www.founderlabs.in\/wp-content\/uploads\/2023\/10\/Agnikul-Cosmos.png 256w, https:\/\/www.founderlabs.in\/wp-content\/uploads\/2023\/10\/Agnikul-Cosmos-150x169.png 150w\" sizes=\"auto, (max-width: 256px) 100vw, 256px\" \/><\/figure>\n\n\n\n<p><strong>Founding Year:<\/strong> 2017<br><strong>Location:<\/strong> Chennai<\/p>\n\n\n\n<p><strong>Business: <\/strong>It operates India&#8217;s first private launchpad and mission control center. The hot testing of a rocket engine developed by Agnikul Cosmos was conducted by the Vikram Sarabhai Space Centre (VSSC) at its Vertical Test Facility, Thumba Equatorial Rocket Launching Station, Thiruvananthapuram.<\/p>\n\n\n\n<p><strong>Founders:<\/strong> Moin SPM, Srinath Ravichandran, and Satyanarayanan Chakravarthy<\/p>\n\n\n\n<p><strong>Total Funds Raised:<\/strong> $40 million which includes $26 million raised in the Series B round plus a $11 million Series A round in March 2021.<\/p>\n\n\n\n<p><strong>Valuation:<\/strong> Around $180 million<\/p>\n\n\n\n<p><strong>Financials:<\/strong> No Revenue with Rs 9 crore loss in FY22<\/p>\n\n\n\n<p><strong>Competitors:<\/strong> Skyroot, Pixxel, Bellatrix, GlaxEye, Dhruva, Vesta Space, Digantara, and InspeCity<\/p>\n\n\n\n<p><strong>Plans:<\/strong> The firm intends to establish a launch platform with pricing independent of payload mass. Agnikul has initiated the integration of its Agnibaan, a two-stage customisable launch vehicle capable of carrying up to 300 kg to orbits<br>approximately 700 km away. Agnikul plans to commercialize its operations besides investing in facilities like mobile launchpads and other test rigs.<\/p>\n\n\n\n<p>\u201c\u2026<strong>Our focus is shifting from singular rocket launches to a strategic approach aimed at scaling. We\u2019re considering how toscale not just for one or a few rocket launches, but for the next 25 or even 50 launches,\u201d said Srinath Ravichandran, cofounder and CEO of Agnikul.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Agnikul Cosmos Raises Rs 200 Crore, Readying for Suborbital Rocket Launch Space tech startup Agnikuk Cosmos has raised nearly Rs 200 crore from its Series B funding Round. The Chennai-based company plans to conduct a suborbitalrocket launch from its private pad in the next two months, marking India&#8217;s secondprivate launch after Skyroot&#8217;s Vikram-S. Here are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[642],"tags":[426,425,428,128,430,429,427],"class_list":{"0":"post-1626","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-technology-innovation","8":"tag-agnikul","9":"tag-agnikul-cosmos","10":"tag-cofounder-and-ceo-of-agnikul","11":"tag-funding","12":"tag-satyanarayanan-chakravarthy","13":"tag-space-tech-startup","14":"tag-srinath-ravichandran"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.3 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Agnikul Cosmos Raises Rs 200 Crore, Readying for Suborbital Rocket Launch<\/title>\n<meta name=\"description\" content=\"Agnikul Cosmos Raises Rs 200 Crore, Readying for 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