aerospace / news / / The Economic Times
Skyroot Aerospace, an Indian space company, has achieved a valuation of one billion dollars.
Skyroot Aerospace is the first Indian space company to reach a $1.1 billion valuation.
KEY POINTS
- The latest $60 million funding round included investors GIC, Sherpalo Ventures, and BlackRock.
- Skyroot is preparing the maiden launch of Vikram-1, India's first privately developed orbital rocket.
- Sherpalo Ventures founder Ram Shriram will join Skyroot's board following the recent funding round.
- Skyroot plans to use the funding to increase Vikram-1 launch frequency and expand manufacturing.
COMPANIES
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