Artha Select Fund led a $17m pre-Series C round in Agnikul Cosmos.

Artha Select Fund, a growth-stage venture capital platform, led a $17m pre-Series C round in Agnikul Cosmos, an aerospace manufacturer and orbital launch service provider, with participation from HDFC Bank, Pratithi Investments, Advenza Global, Atharva Green Ecotech, and 100X.VC. “Given our previous successful controlled ascent launch that allowed us to demonstrate all our patented technologies with ISRO and IN-SPACe support, we have now been able to scale our strategy to include lower stage recovery and upper stage extension — features that will make the unit economics of launch services much better. This fund raise allows us to work on such missions while also focusing on scaling launch frequency and building for the world, from India,“ Srinath Ravichandran, AgniKul Cosmos CEO and Co-Founder.