NEW DELHI -- Space tech startup Agnikul Cosmos, which was incubated at the Indian Institute of Technology Madras, is close to raising up to $20 million in a Series B funding round co-led by existing investor Mayfield India -- a venture capital company focused on enterprise and consumer technology startups -- and a new global investor, according to 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-based space tech startup at about $200 million.
