aerospace / news / / Business Standard
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.
Skyroot Aerospace has raised $60 million at a $1.1 billion valuation, becoming a unicorn.
KEY POINTS
- 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
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