Funding · AI & Deep Tech

Skyroot raises $60m to double valuation to $1.1bn

By Startup Enthusiast · 25 June 2026

What they do

Skyroot builds modular rockets for small satellite launches in India

The company raised $60 million led by Sherpalo and GIC at a $1.1 billion valuation

Funds will scale manufacturing and ramp up development of the Vikram-2 rocket

Skyroot Aerospace has raised $60 Mn in a new funding round.
The deal values the company at $1.1 Bn on a post-money basis.
This valuation is double its previous $550 Mn valuation from 2023.
The round was co-led by Sherpalo Ventures and Singapore's sovereign wealth fund GIC.
Existing investors including BlackRock and Playbook Partners participated in the round.
Ram Shriram joined the board as part of this investment event.
Skyroot is now India's first spacetech unicorn with over $155 Mn total raised.
The company plans to use funds to establish a regular launch flow for Vikram-1.

Global giants like BlackRock are backing Indian private space infrastructure.
The funding supports scaling manufacturing capabilities for orbital launch vehicles.

Skyroot develops modular space launch vehicles for the small satellite market.
Its flagship product is the Vikram-1 orbital rocket developed privately in India.
Vikram-1 can carry payloads up to 350 kg to Low Earth Orbit.
The rocket features an all carbon composite structure and 3D-printed liquid engines.
Skyroot launched the Vikram-S suborbital mission in November 2022 from Sriharikota.
Prime Minister Narendra Modi unveiled the Vikram-1 rocket in November 2022.
The company operates the Infinity Campus in Hyderabad for vehicle integration and testing.
The campus has capacity to build one orbital rocket per month.
Skyroot signed an MoU with US startup Axiom Space for collaboration.

Sherpalo Ventures (lead) — Venture firm founded by Ram Shriram.
GIC (lead) — Singapore sovereign wealth fund.
BlackRock (participated) — Global investment management corporation.
Playbook Partners (participated) — Investment firm focused on technology and innovation.

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