Brief by Shorts91 Newsdesk / 02:12pm on 07 May 2026,Thursday Tech Today
Hyderabad-based Skyroot Aerospace has become India’s first space-tech unicorn after raising $60 million in a major funding round led by Sherpalo Ventures and Singapore’s GIC. The investment pushed the company’s valuation to $1.1 billion, highlighting growing global confidence in India’s private space sector. Existing investors, including BlackRock and Greenko Group, also participated in the round. Founded by former ISRO scientists Pawan Kumar Chandana and Naga Bharath Daka, Skyroot is preparing to launch Vikram-1, India’s first privately developed orbital rocket. The fresh capital will support rocket launches, manufacturing expansion, and future space technology development.
