Skyroot Aerospace in Talks to Raise Up to $300 Million From Fidelity, General Catalyst and Benchmark
Hyderabad space-tech startup Skyroot Aerospace is reported to be in advanced talks to raise $280-300 million at a $2.8-3 billion valuation, in what would be Benchmark's first investment in India.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $300 M |
| Valuation | $2.8 |
| Headquarters | Hyderabad, India |
| Sector | Skyroot Aerospace |
| Coverage | Startup Funding |
Hyderabad-based launch vehicle maker Skyroot Aerospace is in advanced talks to raise $280-300 million (about ₹2,600-2,850 crore) from Fidelity, General Catalyst and Benchmark, Moneycontrol reported on September 24, citing four people aware of the discussions. The deal has not been officially announced.
Reported Deal Terms
If completed, it would be Benchmark's first investment in India, a notable entry for the Silicon Valley venture firm.
About Skyroot
Skyroot was founded by former ISRO scientists Pawan Kumar Chandana and Naga Bharath Daka. It builds the Vikram series of small-satellite launch vehicles and was the first Indian private company to launch a rocket to space.
Questions Readers Ask
Is Skyroot's $280 million round confirmed?
No. It is reported to be in advanced stages; the company has not announced it.
What valuation is Skyroot raising at?
Reportedly $2.8-3 billion.
Why It Matters
A round of this size would make Skyroot one of the most valuable Indian space companies and would show that global crossover and US venture investors now see Indian launch capacity as a serious commercial bet.
Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.
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