Chennai-based space-tech firm Agnikul Cosmos has raised $17 million (₹150 crore) in a significant funding round, valuing the company at $500 million. The investment, led by Advenza Global Ltd and others, will fuel expansion plans including scaling production, advancing rocket stage-recovery technology, and developing a 350-acre integrated space campus. This move aims to boost reusable launch capabilities and increase India's launch frequency for small satellites.