Skyroot Invites Bids To Raise $200 Mn At A Valuation Of $2 Bn

by · Inc42

SUMMARY

  • Unlike a typical round, Skyroot has asked interested VCs to submit bids to participate in the fundraise. Post this, it will evaluate offers and decide which investors it wants to onboard
  • If the planned round materialises, it will mark the vindication of Skyroot’s tech stack, pave the way for rapid expansion and will bring a new crop of domestic investors on its cap table
  • Besides homegrown 360 One Asset, existing backers such as GIC and Temasek are also mulling participating in the round, which could close in the next two months