Funding · Government, Defense & Space
Skyroot Aerospace raises Rs 100 crore debt from BlackRock
By Startup Enthusiast ·
- Date
- Company
- Skyroot Aerospace
- What it does
- Small and medium-lift launch vehicles
- Kind
- Funding
- Amount
- Rs 100 crore
- Stage
- debt
- Founded
- 2018
What they do
Skyroot Aerospace builds small and medium-lift rockets for the global satellite market
What happened
It raised Rs 100 crore (about $10.75 million) in debt via non-convertible debentures from BlackRock
Why it matters
The company is pre-revenue and reported Rs 99.70 crore losses in FY25 due to R&D spending
The details
- Skyroot Aerospace raised Rs 100 crore (about $10.75 million) in debt from BlackRock.
- The debt was issued as 100 non-convertible debentures at Rs 1 crore face value each.
- Proceeds will be used for issue expenses, working capital, fixed assets, and general corporate purposes.
- This is BlackRock's first debt investment in Skyroot in 2026.
- Skyroot was the first private Indian company to launch a rocket into space with the Vikram-S mission in 2022.
- The company's Vikram-I rocket (payload up to 350 kg to LEO) is scheduled for an orbital launch attempt on 18 July 2026 from Sriharikota.
The bigger picture
- Skyroot is pre-revenue as of end FY25 and reported Rs 99.70 crore losses in FY25 due to heavy R&D investment.
About the business
- Skyroot builds small and medium-lift launch vehicles for the global satellite market.
- Its rocket series includes Vikram-I (payload up to 350 kg to LEO, 260 kg to SSO) launching in 2026.
- Vikram-II (payload up to 900 kg to LEO, 600 kg to SSO) uses a cryogenic engine and is planned for 2027.
- Skyroot is pre-revenue and has invested heavily in R&D, resulting in losses of Rs 99.70 crore in FY25.
What happens next
- Skyroot plans to use the debt for working capital, fixed assets, and general corporate purposes.
- The company aims to launch its Vikram-I rocket on an orbital mission on 18 July 2026 from Sriharikota.
The deal
- Type
- debt
Investors
- BlackRock (lead) — Global investment management firm.
Founders
- Pawan Kumar Chandana, Co-founder
- Naga Bharath Daka, Co-founder
About Skyroot Aerospace
- Product
- Vikram-series rockets for commercial satellite launch services and space missions
- Customers
- Satellite operators, space agencies, and commercial payload providers worldwide
- How it makes money
- Commercial launch services provider with flight-tested propulsion and avionics systems
- What sets it apart
- First Indian private company to achieve orbital launch with indigenous technology
More on Skyroot Aerospace
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- Skyroot Aerospace signs multi-launch deal with HEX20 Space13 August 2026 · Partnership
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- Skyroot Aerospace seeks $200 million funding at $2 billion valuation5 August 2026 · Funding · $200 million
- Skyroot Aerospace launches India's first private orbital rocket18 July 2026 · Launch
- Skyroot raises $60m to double valuation to $1.1bn25 June 2026 · Funding · $60 Mn
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