Funding · AI & Deep Tech

Skyroot Aerospace seeks $200 million funding at $2 billion valuation

By Startup Enthusiast · 5 August 2026

What they do

Skyroot Aerospace builds on-demand launch vehicles for small satellites, targeting dedicated orbital missions

The company is raising $200 million at a $2 billion valuation, up 80% from its previous $1.1 billion valuation in May

This is Skyroot’s second funding round in less than six months, with interest from both domestic and international investors

Skyroot Aerospace is seeking bids from investors for a $200 million funding round at a $2 billion valuation, up 80% from its previous valuation of $1.1 billion in May.
The company has asked interested investors to submit bids, after which it will evaluate the offers and decide which investors to partner with.
This differs from a typical startup financing round, where founders or investment bankers pitch the company to prospective investors.
Kotak is running the fundraise process for Skyroot, and the company is likely to close the round over the next two months.
360 One Asset is among several Indian investors evaluating an investment in Skyroot, while existing backers such as GIC and Temasek are also considering participating in the round.
This will be Skyroot’s second fundraise in less than six months, following a $60 million round in May from Sherpalo, GIC, BlackRock, Arkam Ventures, and others.

The renewed investor interest follows Skyroot’s successful launch of Vikram-1, India’s first privately developed orbital launch vehicle, on July 18, 2026.
The launch marked a watershed moment for India’s commercial space sector, validating Skyroot’s orbital launch capabilities.
With Vikram-1, Skyroot is now preparing for a higher launch cadence and a pipeline of future missions that will require fresh capital.
The company is developing a reusable vehicle, which will be a much larger rocket and is expected to be launched in a few years.

Skyroot Aerospace builds on-demand launch vehicles for small satellites, targeting dedicated orbital missions.
The company’s Vikram-1 is a four-stage launch vehicle capable of carrying payloads of up to 480 kg to Low Earth Orbit (LEO) and 290 kg to Sun Synchronous Orbit.
It combines solid propulsion across its first three stages with a liquid-propellant orbital adjustment stage, and incorporates 3D-printed engines and pneumatic stage separation systems.
Skyroot’s Infinity Campus in Hyderabad has the capacity to manufacture one orbital rocket every month.
The company has raised more than $150 million in funding to date and counts Sherpalo, Temasek, and BlackRock as investors.

Skyroot plans up to two more Vikram-1 launches this year before introducing Vikram-1U, an upgraded version with strap-on boosters, in the first quarter of 2027.
The company is also developing Vikram-2, a one-tonne-class launch vehicle powered by a cryogenic upper stage, to expand its launch vehicle portfolio.

Sherpalo (investor) — A venture capital firm founded by Ram Shriram.
GIC (investor) — Singapore’s sovereign wealth fund.
Temasek (investor) — Singapore’s state-owned investment company.
BlackRock (investor) — A global investment management corporation.
Arkam Ventures (investor) — A venture capital firm focused on early-stage startups.
360 One Asset (investor) — An Indian private equity firm.

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