Startup Agnikul raises Rs 23.4 crore to put small satellites into space

Agnikul, a startup pioneering 3D printed single-piece rocket engines and building an orbital-class launch vehicle that can take small satellites to space, has raised  Rs 23.4 crore in a pre-series A round led by pi Ventures. Other investors which participated in the round included Hari Kumar (LionRock Capital), Artha Ventures, LetsVenture, Globevestor, CIIE and existing investor Speciale Invest. Agnikul plans to use these funds for ground testing, fabrication and team expansion.

Agnikul, operating out of National Centre for Combustion Research at IIT Chennai, is developing a satellite launch vehicle for payload capacity of up to 100 kgs. The vehicle is configurable