Skyroot Bags $60 Mn To Become India’s First Spacetech Unicorn

by · Inc42

SUMMARY

  • The round was led by existing investors Sherpalo Ventures and Singapore’s sovereign wealth fund GIC, with participation from Arkam Ventures, Playbook Partners, Shanghvi Family Office, among others
  • Skyroot, which has raised $155 Mn till date, now commands a pre-money valuation of $1.1 Bn, double of the $550 Mn it was valued at in 2023
  • The startup is gearing up to launch Vikram-1, the country’s first private orbital rocket unveiled last November