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Anand Mahindra-backed Agnikul raises $11 million in funding round led by Mayfield India

Anand Mahindra-backed Agnikul raises $11 million in funding round led by Mayfield India The startup is developing Agnibaan, which is a private small satellite launch vehicle capable of carrying around 100 kg payload to Low Earth orbits with a plug-and-play engine configuration BusinessToday.In | May 20, 2021 | Updated 13:42 IST Anand Mahindra-backed launch vehicle startup Agnikul Cosmos has raised $11 million in Series A round, which was led by the global venture capital company Mayfield India. Existing investors pi Ventures, Speciale Invest, and Artha Ventures also invested in this round. Besides, BEENEXT, Globevestor, and LionRock Capital, and angel investors like Anand Mahindra, Nithin Kamath, Balaji Srinivasan, Naval Ravikanth, Abhishek Singhania, Aarthi Ramamurthy and Sriram Krishnan have also backed the startup in Series A funding round.

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