Skyroot Aerospace Becomes India's First Spacetech Unicorn With $60 Million Round
Hyderabad-based Skyroot Aerospace has raised $60 million in a round co-led by Sherpalo Ventures and GIC, taking its pre-money valuation to $1.1 billion and making it India's first spacetech unicorn.
Key Facts
| Detail | Value |
|---|---|
| Deal size | $60 M |
| Valuation | $1.1 billion |
| Lead investor | Sherpalo Ventures |
| Headquarters | Hyderabad, India |
| Sector | Skyroot |
| Coverage | Startup Funding |
Skyroot Aerospace has crossed the unicorn mark, becoming the first Indian spacetech company to do so after closing a $60 million funding round.
Round Snapshot
What Skyroot Builds
Skyroot is developing the Vikram-series of small satellite launch vehicles, designed for on-demand and dedicated rides to low-earth orbit for commercial smallsat operators. The company made history in November 2022 with Vikram-S, India's first private rocket launch, and is now preparing for the maiden orbital flight of Vikram-1.
Why It Matters
Outlook
A successful Vikram-1 orbital flight in the coming quarters will validate Skyroot's commercial timeline and unlock the next phase of customer contracts with global smallsat operators.
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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