Earlier last week one of Globevestor’s portfolio startups, Agnikul Cosmos, announced an exciting $11M Series A fundraise led by Mayfield India. This is one of the largest funding rounds for a private space-tech startup in India. And the company received backing from not just all its key existing investors, including Speciale Invest, Pi Ventures, Artha and us, but also from prominent angels like Anand Mahindra, Naval Ravikant, Balaji Srinivasan and Nithin Kamath.
We recently invested in the pre-Series A round of Agnikul, an India-based small rockets company. The round was led by Pi Ventures and participated in by Speciale Invest, Artha Venture Fund and others, alongside us.
Agnikul is one of those moonshot, big vision startups. They’re building small rockets to launch nano-satellites to low earth orbits in space. Srinath and Moin, the founders, are innovating by making innovations in design to be able to make a single-piece 3D printed engine.