Where Will Indian Spacetech’s Best Returns Come From? Speciale Invest’s Vishesh Rajaram Answers

Long before Vikram-1 reached orbit or Indian spacetech became an investable category,  Speciale Invest was placing bets on companies tackling hard engineering problems. Among its first investments was Agnikul Cosmos, backed when private launch startups had no hardware, no obvious market and no precedent for institutional capital. That early conviction gives the firm’s managing partner, Vishesh Rajaram, an unusual vantage point on the sector’s commercial phase, having backed Indian space hardware