Samarthya Investment Advisors reposted this
We are super happy to share that our first investment in the SpaceTech sector AgniKul Cosmos crossed a significant milestone today 🚀. AgniKul Cosmos successfully launched SOrTeD (SubOrbital Technological Demonstrator) mission that made it the first company in the world to launch using a single-piece fully 3D printed semi-cryogenic rocket engine (“Agnilet” engine). It is noteworthy that this also was India’s first launch from Agnikul’s own private launch pad at Sriharikota. Congratulations to Team AgniKul Cosmos and the founders Srinath Ravichandran, Moin SPM, Satya Chakravarthy for their relentless perseverance to successfully pass this milestone after four aborted launches prior to today. Space sector requires patient capital and we are grateful to our LPs who have backed us in this investment. India's space sector has been making amazing progress post policy intervention by the present government. ISRO and IN-SPACe and Indian Institute of Technology, Madras have also played an instrumental role in Agnikul's journey so far. Congratulations to all the other existing investors who have supported Agnikul from the Seed round to the last Series B round 😊 ! In the overall scheme of things, this was a great first step towards commercialization of Agnikul’s innovative technology to send small payloads (satellites) to space in a cost effective manner and we wish team AgniKul Cosmos all the best in their space journey ahead. Karan Goshar Praroop Lodha Kunal Sawant Bhargav Chaudhari Samarthya Investment Advisors Jesal Shah Kaushik Deva Guruswamy Ramasubramanian