# Skyroot Aerospace on Thursday raised $60 million at a valuation of $1.1 billion.

*aerospace · news · 2026-05-07 · ThePrint*

## Key points

- Skyroot Aerospace has become India's first spacetech startup to reach unicorn status at $1.1 billion.
- Skyroot raised $60 million in funding, with participation from Sherpalo Ventures, GIC, and Greenko founders.
- The upcoming Vikram-1 rocket features an all-carbon composite structure for enhanced strength and lower density.
- Skyroot will use new capital to fund multiple Vikram-1 launches, scale manufacturing, and develop Vikram-2.
- Ram Shiram, founder of Sherpalo, will join Skyroot’s board of directors following this funding round.

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

[Read the full story on ThePrint](https://theprint.in/science/skyroot-aerospace-first-indian-space-tech-unicorn-vikram-1/2925105/)

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