Startup Stories

Cosmoserve Eyes on the Sky: Wins INR 5.5cr Funding on Bharat Ke Super Founders

Bengaluru: Spacetech startup Cosmoserve Space has raised INR5.5 crore in funding through Bharat Ke Super Founders, a founder-first entrepreneurial television series streaming on Amazon MX Player. The deal values the company at INR 225 crore.

Founded by former Indian Space Research Organisation (ISRO) scientist Chiranjeevi Phanindra, Cosmoserve Space is building autonomous spacecraft systems aimed at solving the growing challenge of space debris. The company is developing its proprietary platforms, Reviver and Mothercraft, which are designed to detect, capture, and safely de-orbit defunct satellites and other high-risk orbital debris.

Apart from debris removal, the startup is also working on technologies that support in-orbit servicing, including robotic arms, optical navigation systems, and refuelling support devices to improve satellite life-cycle management.

The investment round was led by Dr A. Velumani, who committed INR 5 crore for a 2.22% stake, subject to a proposed follow-on raise of INR 45 crore. Two other investors, Shivam M and Srini S, also participated, investing INR 25 lakh each for 0.11% equity each.

Cosmoserve currently has a 15-member team and is still in the product development stage, with commercial deployment planned for 2028.

Shobhit Kalra

Shobhit Kalra is the Chief Sub Editor at Tea4Tech, with over 12 years of experience across digital media, digital marketing, and health technology. He is responsible for editorial review, content structuring, and quality control of articles covering software, SaaS products, and developments across the technology ecosystem. || At Tea4Tech, Shobhit oversees content accuracy, clarity, and adherence to editorial standards, ensuring published stories meet the newsroom’s guidelines for originality, sourcing, and consistency.

Recent Posts

MatX’s Series B Fuels a New Front in the AI Chip Wars

MOUNTAIN VIEW, Calif.: MatX has raised $500 million in Series B funding to scale its…

2 hours ago

Aidoc Raises $150M to Bring AI Radiology to Hospitals Worldwide

TEL AVIV: Aidoc has closed a $150 million Series E to expand its clinical AI…

4 hours ago

Ciridae Raises $20M Seed for Mid-Market AI Automation Platform

SAN FRANCISCO: Ciridae has raised $20 million in seed funding to deliver AI automation tools…

8 hours ago

Panthalassa Raises $140M for Wave-Powered AI Data Centers

OSLO: Panthalassa raises $140 million in Series B funding to build wave-powered floating data centers…

23 hours ago

David Silver’s Ineffable Lands $1.1B Seed to Build Superintelligence

LONDON: A London-based AI startup founded on the ambition of achieving "first contact with superintelligence"…

1 day ago

AI Insurtech Corgi Hits Unicorn Status with $160 Million Series B

NEW YORK: Corgi has raised $160 million in a Series B round, valuing the company…

2 days ago