# Spacetech startup Skyroot Aerospace has become a unicorn after raising $60 million in a fresh round of funding at a valuation of $1.1 billion.

*aerospace · news · 2026-05-07 · The Hindu Business Line*

## Key points

- Skyroot Aerospace has become a unicorn after raising $60 million at a $1.1 billion valuation.
- The new funds will be used to scale Vikram-1 launches and develop the Vikram-2 cryogenic rocket.
- Sherpalo Ram Shriram will join Skyroot's Board alongside major new global investors like GIC and BlackRock.
- Vikram-1's maiden launch, India's first private orbital rocket, is scheduled within weeks from Sriharikota.
- Skyroot claims its launch services will be the cheapest for satellite deployment into specified orbits.

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

[Read the full story on The Hindu Business Line](https://www.thehindubusinessline.com/news/science/skyroot-aerospace-becomes-unicorn-after-raising-60-million-ahead-of-vikram-1-launch/article70949462.ece)

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