# Ram Shriram's Sherpalo Ventures co-led a $60 million round in Skyroot Aerospace.

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

## Key points

- Skyroot Aerospace became India's first space-tech unicorn after a $60 million funding round led by Sherpalo Ventures and GIC.
- The new investment values Skyroot at $1.1 billion, doubling its valuation within a year.
- Ram Shriram's Sherpalo Ventures has led or participated in three Skyroot fundraises since 2022.
- Skyroot plans to use the new capital to ramp Vikram-1 launches, expand manufacturing, and develop Vikram-2.

**Companies:** Skyroot Aerospace, Sherpalo Ventures, GIC, BlackRock, Greenko Group, Arkam Ventures, Playbook Partners
**Countries:** India, Singapore

[Read the full story on Moneycontrol](https://www.moneycontrol.com/news/business/startup/meet-ram-shriram-the-man-who-wrote-google-s-first-cheque-just-helped-create-india-s-first-space-tech-unicorn-13911343.html)

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