New Delhi, Nov. 24 -- Agnikul Cosmos, a Chennai-based spacetech startup, has closed roughly Rs.150 crore (about $17 million) in fresh funding at a reported $500 million valuation, money the company says will accelerate production of 3D-printed rocket components, advance its stage-recovery programme and fund an integrated 350-acre space campus allocated by the Tamil Nadu government.

The round-backed by family offices and institutional investors including Advenza Global, HDFC Bank, Artha Select Fund, Prathithi Ventures and 100X.VC-arrives as Agnikul prepares to transition from technology demonstrations to higher-frequency launches and reusable-launch economics. Management frames the funding as a bet on lowering per-launch costs through rec...