Spacetech Startup Cosmoserve Nets $6 Mn, Eyes Commercialisation By 2028
India, Nov. 5 -- Cosmoserve Space has raised $6 Mn in a seed funding round led by Japan-based Rebright Partners. While Aranya Holdings and Naandi Ventures also participated in the round, existing investors AUM Ventures and Shakti VC doubled down on their erstwhile bet.
The startup shared plans to utilise the fresh capital to support tech demonstrations, fuel two upcoming missions, as well enhance the operations of its recently unveiled Hyderabad facility.
Cosmoserve has now raised over $9 Mn since inception last year. The startup has doubled its valuation since it raised pre-seed funding in September, founder Chiranjeevi Phanindra told Inc42. The exact valuation is yet to be discerned.
For context, the startup is building tech to remov...
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