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