Space tech start-up Agnikul has raised ₹23.4 crore in a pre-series A round led by pi Ventures. The Chennai-based company, according to a press release, engineers small satellite launch vehicles, and has pioneered 3D printed single-piece rocket engines.
Hari Kumar (LionRock Capital), Artha Ventures, LetsVenture, Globevestor, CIIE and existing investor Speciale Invest also participated in the latest funding round. The company plans to use the funds for ground testing, fabrication and team expansion, said the release.
Source: Economic Times