# Hyderabad-based Skyroot Aerospace has emerged as India's first spacetech unicorn.

*aerospace · news · 2026-05-07 · The Tribune*

## Key points

- Skyroot Aerospace is India's first spacetech startup to achieve a unicorn valuation of USD 1.1 billion.
- Skyroot will use the funding to increase Vikram-1 launch frequency and accelerate Vikram-2 development.
- Vikram-1, set for India’s first private orbital rocket launch, features carbon composite construction and 3D-printed engines.
- Ram Shriram, a notable Google backer, will join Skyroot's board following the latest investment.

**Companies:** BlackRock, Skyroot Aerospace, Sherpalo Ventures, Playbook Partners, Arkam Ventures, Shanghvi Family Office
**Countries:** India, Singapore

[Read the full story on The Tribune](https://www.tribuneindia.com/news/india/skyroot-aerospace-becomes-indias-first-spacetech-unicorn-receives-usd-60-million-funding/)

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