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Ram Shriram's Sherpalo Ventures co-led a $60 million round in Skyroot Aerospace.
Skyroot Aerospace became India's first space-tech unicorn after a $60 million funding round led by Sherpalo Ventures and GIC.
KEY POINTS
- 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
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