Skyroot Aerospace lands 60 million led by Ram Shriram valuing it at one billion

Published on 7 May 2026

A $60 million bet could fast track Vikram 1

Skyroot Aerospace, India’s first private rocket startup, has raised $60 million led by American investor Ram Shriram’s Sherpalo Ventures. The round values the Hyderabad-based company at $1 billion, making it India’s first space-tech unicorn. The fresh capital is set to accelerate launch vehicle development, including progress toward the upcoming Vikram-1 orbital launch.

Skyroot Aerospace raises $60 million in a new funding round
Sherpalo Ventures led the investment from American investor Ram Shriram
Company valuation hits $1 billion, making it a space-tech unicorn
Funds aim to speed up launch vehicle development for Vikram-1

#funding #space tech #skyroot #unicorn #launch vehicles

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Skyroot Aerospace lands 60 million led by Ram Shriram valuing it at one billion

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