Agnikul’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Agnikul Cosmos Private Limited | CIN: U74999TN2017PTC119779
Agnikul Cosmos, founded in 2017 by Srinath Ravichandran, Satyanaryan Chakravarthy, and Janardhana Raju, is a Chennai-based aerospace startup developing the Agnibaan launch vehicle for micro and nano satellites. Operating from the NCCRD at IIT Madras, Agnikul achieved India’s first single-piece 3D-printed engine launch in May 2024. The company provides customizable two-stage orbital-class rockets and end-to-end launch services, targeting commercial satellite operators. Partnered with ISRO and IN-SPACe, Agnikul has onboarded customers across government and private sectors. With over 200 employees and technology-driven R&D, it aims to democratize access to space through rapid, cost-effective launches.
| Founding year | 2017 |
|---|---|
| Headquarters | Chennai, Tamil Nadu, India |
| Valuation | ₹4,490 Cr (~$580M) |
| Total Funding | $44.9M over 7 rounds |
| Annual Revenue | Not available |
| Annual Net Loss | Not available |
| EBITDA Margin | Not available |
| Employees | ~200 (FY24) |
| Round | Date | Amount | Valuation | Investors |
|---|---|---|---|---|
| Seed | Feb 2019 | $0.406M | Not disclosed | Angel Investors |
| Seed II | Mar 2020 | $3.16M | Not disclosed | pi Ventures |
| Series A | May 2021 | $11M | ~$50M | Mayfield, Chiratae Ventures |
| Series B | Oct 2023 | $26.7M | ~$580M | Tiger Global |
Revenue and net loss figures are not publicly disclosed for FY22–24 due to pre-revenue stage operations.
EBITDA margins are not available in the public domain for FY22–24.
Employee count scaled from ~100 in FY22 to ~150 in FY23 and ~200 in FY24 as the team expanded for rocket development and testing.
- Scale Agnibaan production with modular engine clusters for varied payloads.
- Secure commercial launch contracts with global satellite operators.
- Advance R&D on reusable rocket engine technology and LEO constellations.
- Strengthen partnerships with ISRO and IN-SPACe for launch-pad access.
- Explore IPO post consistent launch cadence and revenue generation.
On May 30, 2024, Agnikul’s Agnibaan SOrTeD achieved India’s first single-piece 3D-printed rocket engine launch, marking a key milestone.
| Metric | Details |
|---|---|
| Revenue | Not available |
| Net Loss | Not available |
| EBITDA Margin | Not available |
| Employees | 100 → 150 → 200 |
| Valuation & Funding | ₹4,490 Cr; $44.9M raised |
| IPO Status | Private; evaluating public listing post-revenue generation. |
| Expansion Focus | Engine modularity, global launches, reusable tech. |
| Latest News | First 3D-printed engine launch 2024 |
Agnikul’s pioneering 3D-printed engine and successful suborbital test position it as a frontrunner in India’s small-satellite launch market. Continued focus on commercialization and reliability will drive its path to profitability and potential IPO.
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- Seedtable: Agnikul funding rounds (Feb 2019–Oct 2023)
- Wikipedia: Agnikul Cosmos financial and employee details
- Tracxn: Total funding $44.9M over 7 rounds
- Press releases: Engine test launch May 2024
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