# Hyderabad-based Skyroot Aerospace announced that it had become India’s first space-tech unicorn following its latest round of funding of nearly USD 60 million.

*aerospace · news · 2026-05-07 · News18*

## Key points

- Skyroot Aerospace became India's first space-tech unicorn with a valuation of USD 1.1 billion.
- Skyroot's latest funding round raised nearly USD 60 million from investors including GIC and Sherpalo Ventures.
- The company is preparing to launch Vikram-1, India's first privately developed orbital rocket.
- Vikram-1 will offer dedicated and customisable access to space for satellite operators worldwide.

**Companies:** Skyroot Aerospace
**Countries:** India, Singapore

[Read the full story on News18](https://www.news18.com/agency-feeds/indian-space-tech-company-skyroot-aerospace-becomes-unicorn-10079233.html)

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