Aerospace manufacturing startup Agnikul Cosmos–backed by the likes of Forbes Midas Lister Navin Chaddha’s Mayfield Fund–raised $26.7 million in a Series B funding round, as investor optimism in India’s space industry takes off.
Participating in the round were new investors including Celesta Capital, Rocketship.vc, Artha Select Fund and Artha Venture Fund, and existing investors Mayfield India, Pi Ventures and Speciale Invest. The fresh capital brings the six-year-old startup’s total funding raised to $40 million. Agnikul declined to disclose its latest valuation.