{"id":473727,"date":"2026-05-07T22:06:10","date_gmt":"2026-05-07T22:06:10","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/473727\/"},"modified":"2026-05-07T22:06:10","modified_gmt":"2026-05-07T22:06:10","slug":"skyroot-secures-60m-in-funding-becoming-indias-first-space-unicorn","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/473727\/","title":{"rendered":"Skyroot Secures $60M in Funding, Becoming India&#8217;s First Space &#8216;Unicorn&#8217;"},"content":{"rendered":"<p><strong>Skyroot Aerospace<\/strong>, the Indian launch startup, has secured another $60 million in funding. The company is one of the rising stars in India\u2019s\u00a0 space economy and becomes the nation\u2019s first space \u201cunicorn\u201d company, reaching a valuation of $1.1 billion.<\/p>\n<p>This latest round was co-led by <strong>GIC,<\/strong>\u00a0Singapore\u2019s sovereign wealth fund, and\u00a0<strong>Sherpalo Ventures<\/strong>. Other investors included the founders of Greenko Group and Arkam Ventures. Funds managed by BlackRock, Playbook Partners, the Shanghvi Family Office, and others participated as well.<\/p>\n<p>Skyroot Aerospace revealed details of the funding round, May. 7.<\/p>\n<p>With this round, the company has raised a total of $160 million to date, taking its valuation to $1.1 billion. The company has nearly doubled its valuation in approximately 30 months.<\/p>\n<p>The company which is based in Hyderabad, India will use the capital towards scaling Vikram-1 launch cadence, expanding manufacturing capacity, and accelerating the development of Vikram-2. Skyroot has not yet launched the Vikram-1 vehicle, but said launch is targeted \u201cin the weeks following this announcement.\u201d<\/p>\n<p>Over time, with learnings from early developmental launches, the goal is to achieve a 72-hour assembly-to-launch capability for Vikram-1. This will be supported by Skyroot\u2019s 250,000 sq ft facility (Max-Q and Infinity) in Hyderabad.<\/p>\n<p>Pawan Kumar Chandana, CEO and co-founder of Skyroot Aerospace, recently told Via Satellite that the company is <a href=\"https:\/\/interactive.satellitetoday.com\/via\/satshow-week-2026-show-daily\/skyroot-aerospace-indian-launch-player-ready-for-the-big-stage\" rel=\"nofollow noopener\" target=\"_blank\">aiming for four to six launches this financial year<\/a>. \u201cDepending on the observations of the first flight, we may have to change that. But currently, we do plan to follow up quickly,\u201d he said.<\/p>\n<p>Chandana says the company has interest from all over the world for its launch services. \u201cWe anticipate a third of the demand to be domestic, and the remaining to be international. In terms of international \u2014 Southeast Asia, Japan, U.S., and Europe will be good contributors,\u201d he said.<\/p>\n<p><a href=\"https:\/\/interactive.satellitetoday.com\/via\/satshow-week-2026-show-daily\/skyroot-aerospace-indian-launch-player-ready-for-the-big-stage\" rel=\"nofollow noopener\" target=\"_blank\">Read more from Via Satellite: Skyroot Aerospace: Indian Launch Player Ready for the Big Stage<\/a><\/p>\n<p>\t\t\t\t\t\tPublished in:\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Skyroot Aerospace, the Indian launch startup, has secured another $60 million in funding. The company is one of&hellip;\n","protected":false},"author":2,"featured_media":473728,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[270],"tags":[18,19,17,133,451],"class_list":{"0":"post-473727","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-space","8":"tag-eire","9":"tag-ie","10":"tag-ireland","11":"tag-science","12":"tag-space"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116535570444914194","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/473727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=473727"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/473727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/473728"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=473727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=473727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=473727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}