# Skyroot Aerospace becomes India's first spacetech unicorn with a pre-money valuation of $1.1 billion.

*business · news · 2026-05-07 · Business Today*

## Key points

- Skyroot Aerospace has become India's first spacetech unicorn with a $1.1 billion pre-money valuation.
- Ram Shriram, an Alphabet board member, will join Skyroot's board after this funding round.
- Skyroot plans to use the funds to increase Vikram-1 launch cadence and develop the Vikram-2 vehicle.
- The company's Vikram-1 will be India’s first privately developed orbital rocket, launching in the coming weeks.
- This $60 million round included major global investors like GIC, BlackRock, and Greenko Group founders.

**Companies:** Skyroot Aerospace, Greenko Group, BlackRock, Arkam Ventures, Playbook Partners
**Countries:** India, Singapore

[Read the full story on Business Today](https://www.businesstoday.in/technology/story/skyroot-becomes-indias-first-spacetech-unicorn-with-60-million-funding-ahead-of-vikram-1-launch-530222-2026-05-07)

---

Canonical: https://newsio.io/n/1e849ecf-0141-4b42-bbc0-0c93864f2ced/skyroot-aerospace-becomes-indias-first-spacetech-unicorn-with-a-pre-money-valuat
Summarized by Newsio from Business Today. https://newsio.io/how-it-works