Separator

Mayfield India likely to lead $20m fundraising for space tech startup Agnikul

Separator
Space tech startup Agnikul Cosmos Pvt Ltd, which was incubated at the Indian Institute of Technology, Madras, is close to raising up to $20 million in its Series B funding round co-led by existing investor Mayfield India.

A venture capital firm focused on enterprise and consumer technology startups, and a new global investor, according to two industry sources.

The financing, which will also see the participation of existing investors Artha Venture Fund and Silicon Valley-based Rocketship.vc, is expected to value the Chennai-headquartered space tech startup at about $200 million.