Agnikul, the spacetech startup based out of Chennai, has raised Rs 23.4 crore in pre-Series A funding led by pi Ventures.
The round also saw participation from Hari Kumar (LionRock Capital), Artha Ventures, LetsVenture, Globevestor, CIIE, and existing investor Speciale Invest.
Agnikul builds 3D printed single-piece rocket engines, and plans to use this funding for ground testing, fabrication, and team expansion.
Srinath Ravichandran, Co-founder and CEO, Agnikul, said: “We started Agnikul with the dream of bringing space within everyone’s reach.
Manish Singhal, Founding Partner, pi Ventures, said: “I have always believed that India has the potential and the talent to create world-beating IPs and products, not just in the digital domain but also beyond. | To read full story, visit https://startuparound.com/read/1584504005.9305754/[Funding-alert]-Spacetech-startup-Agnikul-raises-Rs-23.4-Cr-in-pre-Series-A-round-led-by-pi-Ventures?ref=audio_experience