# Skyroot Aerospace has become India’s first space-tech unicorn after raising $60 million in a fresh funding round led by GIC and Sherpalo Ventures.

*aerospace · news · 2026-05-07 · Telegraph India*

## Key points

- Skyroot Aerospace is India's first space-tech unicorn after a $60 million funding round.
- The funding was led by Singapore's GIC, with participation from BlackRock and others.
- Skyroot's Vikram-1 will be India's first privately developed orbital launch vehicle.
- Google board member Ram Shriram joins Skyroot's board following the funding round.
- India’s private space sector now supports nearly 400 start-ups after recent policy reforms.

**Companies:** Alphabet Inc, Skyroot Aerospace, BlackRock, GIC, Sherpalo Ventures, Playbook Partners
**Countries:** India, Singapore, United States

[Read the full story on Telegraph India](https://www.telegraphindia.com/business/skyroot-aerospace-becomes-indias-first-space-tech-unicorn-after-usd-60-million-raise-prnt/cid/2159509)

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