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.
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