Skyroot Aerospace becomes India’s first space-tech unicorn after USD 60 million funding

Skyroot Aerospace founders Naga Bharath Daka (left) and Pawan Kumar Chandana. PIC/X/@MarketingMvrick

Skyroot Aerospace, a private space launch company, has successfully raised USD 60 million (approximately Rs 571 crore) from a diverse group of investors, including Ram Shriram's Sherpalo, Singapore's sovereign wealth fund GIC, and BlackRock, becoming India's first space-tech unicorn.

This funding, announced on May 7, elevates Skyroot's valuation to USD 1.1 billion, a significant increase from its valuation of around USD 519 million in 2023.

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