India, Sept. 25 -- Former ISRO scientist Chiranjeevi Phanindra-led spacetech startup Cosmoserve Space has raised $3.17 Mn (INR 28.11 Cr) in its pre-seed funding round led by angel investor Alan Rutledge via US-based investment firm AVCF.

The maiden funding round also saw participation from AUM Ventures, Shakti VC and one of the earliest Google investors Ram Shriram.

Founded earlier this year and incubated at T-Hub in Hyderabad, Cosmoserve is building autonomous robotic spacecraft to approach debris in space and pull them to lower altitudes for safe disposal.

Founder Phanindra was also a deputy director of India's Gaganyaan Mission. Having represented India at the Inter-Agency Space Debris Coordination Committee, which comprises 13 spac...