Explanation:

Agnikul Cosmos sets up India’s first private space vehicle launchpad at Sriharikota.

• The facility, which was designed by Agnikul and executed in support with ISRO and IN-SPACe (Indian National Space Promotion and Authorization Center) has two sections to it:
• the Agnikul launchpad (ALP) and
• the Agnikul mission control center (AMCC).

Agnibaan

• Agnibaan is Agnikul’s highly customizable, two-stage launch vehicle, capable of taking up to 100 kg payload to orbits around 700 km high (low Earth orbits) and enables plug-and-play configuration.

Agnilet

• Agnilet is the world’s first single-piece 3-D printed engine fully designed and manufactured in India and was successfully test-fired in early 2021, making Agnikul the first company in the country to test its engines at ISRO.

• Agnibaan and Agnilet will be used in the Agnikul’s first launch.

Agnikul

• It was founded in 2017 by Srinath Ravichandran, Moin SPM and Professor S.R. Chakravarthy from IIT Madras.

• Agnikul is an IIT Madras incubated startup.

Hence both statements are correct.