Skyroot Aerospace, a SpaceTech company based in Hyderabad, India, has raised $60M in a Growth Equity round led by GIC & Sherpalo Ventures (co-led).
Quick Highlights
- Amount Raised: $60M
- Round Type: Growth Equity
- Lead Investor: GIC & Sherpalo Ventures (co-led)
- Other Investors: BlackRock funds, Playbook Partners, Arkam Ventures
- Industry: SpaceTech
- Headquarters: Hyderabad, India
- Date Announced: 2026-05-07
About the Startup
Skyroot Aerospace, founded in 2018, is a SpaceTech company headquartered in Hyderabad, India. It was founded by Pawan Kumar Chandana, Naga Bharath Daka. The company operates at skyroot.in.
Funding Breakdown
The company raised $60M in a Growth Equity round led by GIC & Sherpalo Ventures (co-led). Participating investors include GIC, Sherpalo Ventures, BlackRock funds, Playbook Partners, Arkam Ventures. The round values Skyroot Aerospace at $1.1B (unicorn).
Use of Funds
Skyroot Aerospace intends to deploy the capital toward scale vikram-1 cadence, manufacturing capacity, vikram-2 development.
Why This Funding Matters
For India’s startup ecosystem, the round reinforces continued investor appetite in SpaceTech despite a selective overall funding market.
Investor Background
GIC & Sherpalo Ventures (co-led) is the lead backer in this round. They are joined by BlackRock funds, Playbook Partners, Arkam Ventures.
Funding Timeline
| Date | Round | Amount | Lead Investor |
|---|---|---|---|
| 2026-05-07 | Growth Equity | $60M | GIC & Sherpalo Ventures (co-led) |
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Disclaimer: This report is compiled from publicly available sources and is for informational purposes only; funding figures are as publicly reported and may be subject to change.
