# Skyroot Aerospace, India’s leading private space launch company, on Thursday announced raising nearly $60 million at a pre-money valuation of $1.1 billion.

*aerospace · news · 2026-05-07 · Business Standard*

## Key points

- Skyroot Aerospace has raised $60 million at a $1.1 billion valuation, becoming a unicorn.
- Ram Shriram, founder of Sherpalo Ventures and Alphabet board member, will join Skyroot's board.
- Vikram-1, India's first private orbital rocket, is set for launch in the coming weeks.
- Skyroot will use new funds to scale production, increase launch frequency, and develop Vikram-2 with cryogenic technology.
- BlackRock and GIC joined as new investors, signaling strong global confidence in Skyroot's ambitions.

**Companies:** Skyroot Aerospace, GIC, Greenko Group, Arkam Ventures
**Countries:** India

[Read the full story on Business Standard](https://www.business-standard.com/companies/news/skyroot-aerospace-raises-60-mn-becomes-a-unicorn-valued-at-1-1-bn-126050700238_1.html)

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