Skyroot Aerospace, an Indian space launch startup, raises about $60 million in a new funding round that values the company at roughly $1.1 billion, making it India’s first “spacetech unicorn,” according to the reports. Multiple outlets describe the raise as coming shortly before the company’s first orbital launch attempt. The funding is reported to include support from Singapore’s GIC, as well as from a venture firm linked to billionaire Ram Shriram. The investment follows Skyroot’s preparations for Vikram-1, which the outlets describe as India’s first privately developed orbital rocket. The funding round and valuation are presented as providing financial backing ahead of the maiden launch, which is expected in the coming weeks. Across sources, the key points remain consistent: Skyroot completes a $60 million funding effort, the company’s valuation surpasses $1 billion, and the timing is closely tied to its first orbital launch attempt for Vikram-1.
Skyroot Aerospace raises $60 million ahead of Vikram-1 orbital rocket launch
Skyroot Aerospace, an Indian space launch startup, raises about $60 million in a new funding round that values the company at roughly $1.1 billion, making it India’s first “spacetech unicorn,” accordi...
- Skyroot Aerospace raises about $60 million in a funding round.
- The round values the company at more than $1 billion (reported around $1.1 billion).
- The funding is described as taking place ahead of Skyroot’s first orbital launch attempt.
- Skyroot’s maiden launch vehicle, Vikram-1, is described as privately developed.
- Reported backers include Singapore’s GIC and a venture firm associated with Ram Shriram.
Indian launch startup Skyroot Aerospace has raised $60 million in a funding round that gives the company a valuation of more than $1 billion.
3 months agoSkyroot Aerospace has raised $60 million at a $1.1 billion valuation, becoming India's first spacetech unicorn, backed by Singapore's GIC and billionaire Ram Shriram's venture firm. The raise comes weeks before the planned launch of Vikram-1, India's first privately developed orbital rocket.
3 months agoSkyroot Aerospace has raised nearly $60 million at a $1.1 billion valuation as the private space company prepares for the maiden launch of its Vikram-1 orbital rocket
3 months ago
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