3 weeks ago
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Hyderabad-based Skyroot Aerospace connected Thursday ( May 7, 2026) announced that it had go India's archetypal space-tech unicorn pursuing its latest circular of backing of astir USD 60 million, taking its valuation to$1.1 billion.
The backing was provided by Sherpalo Ventures, Singapore's sovereign wealthiness money GIC, the founders of Greenko Group and Arkam Ventures, among others.
In a statement, Ram Shriram, laminitis of Sherpalo Ventures, said, "Access to abstraction is 1 of the cardinal challenges of our time. Skyroot is gathering the foundational infrastructure for that aboriginal with the champion cost-to-performance ratio successful the orbital-launch industry, and what the squad has achieved is remarkable."
The backing circular comes astatine a clip erstwhile Skyroot is preparing to motorboat Vikram-1, India's archetypal privately developed orbital rocket, for its maiden flight.
The rocket is designed to supply dedicated and customisable entree to abstraction for planetary outer operators.
Pawan Kumar Chandana, co-founder and CEO of Skyroot, successful a statement, said: "We astatine Skyroot are excited astir the upcoming Vikram-1 launch, India's archetypal backstage orbital rocket, marking a important milestone some for India and the planetary abstraction sector. This concern signals assurance from immoderate of the world's astir reputed investors successful Skyroot."
