# Skyroot Aerospace, a four-year-old space tech startup, has raised $51 million in a Series-B financing round.

*aerospace · news · 2022-09-05 · Business Insider India*

## Key points

- Skyroot raised $51 million in Series-B, the largest funding round in Indian space-tech.
- The round was led by Singapore's GIC, and GIC's Mayank Rawat joins Skyroot's board.
- Skyroot is developing Vikram Series, India's first privately built launch vehicles with all-carbon-fibre structures.
- Skyroot is the first startup to sign an MoU with ISRO for facility and expertise sharing.
- Skyroot has begun booking payload slots, targeting commercial satellite launches within a year.

**Companies:** GIC, Greenko Group, Solar Industries India Limited, Skyroot Aerospace, Myntra, CultFit, Rothschild & Co
**Countries:** India, Singapore

[Read the full story on Business Insider India](https://www.businessinsider.in/business/startups/news/indian-space-tech-startup-skyroot-aerospace-raises-51-million-in-gic-led-funding-round/articleshow/94003808.cms)

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