# ‘Skyroot Aerospace’ has raised INR 403 crore (US $51 million) in a Series B funding round led by global investment firm GIC.

*aerospace · news · 2022-09-05 · Analytics India Magazine*

## Key points

- Skyroot Aerospace secured INR 403 crore ($51 million) in Series B funding led by GIC.
- This funding round is the largest in the Indian space tech sector to date.
- GIC Managing Director Mayank Rawat will join Skyroot's board as part of the investment.
- Skyroot developed India's first privately built cryogenic, hypergolic-liquid, and solid fuel rocket engines.
- Their Vikram launch vehicles feature an all-carbon-fiber structure and 3D-printing technologies.

**Companies:** Skyroot Aerospace, GIC, Myntra, CultFit, Solar Industries India Limited, Sherpalo Ventures, Wami Capital
**Countries:** India, Singapore

[Read the full story on Analytics India Magazine](https://analyticsindiamag.com/hyderabad-spacetech-startup-skyroot-aerospace-raises-51-million-in-series-b-funding/)

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