Anand Mahindra, top Silicon Valley investors back space start-up Agnikul

The Chennai-based firm which would be sending small satellites into space is raising $11 million in a Series A funding round led by Mayfield India.

Billionaire and Mahindra Group chairman Anand Mahindra along with top Silicon Valley investors Naval Ravikant and Balaji Srinivasan are backing space tech start-up Agnikul as part of a new funding round. Chennai-based Agnikul is raising $11 million in a Series A funding round led by Mayfield India. It is the largest funding round for a private Indian space technology company in the country.
 
Existing investors pi Ventures, Speciale Invest and Artha Venture Fund also invested in this round. The round also saw participation from Beenext, Globevestor, LionRock Capital. Other prominent angel investors, which have invested include Nithin Kamath, Abhishek