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Skyroot becomes India spacetech unicorn as startups raise just $132 million in five days
Startups
Published on 9 May 2026
A spacetech unicorn lands, but funding still cools
Indian startups pulled in $132.3 million across 18 deals from May 4 to May 8, down 35.2% from the previous week’s $204 million. The headline moment: Skyroot’s spacetech leap to become 2026’s third unicorn. Still, most sectors saw muted momentum, even as AI and advanced hardware each notched four deals.
- Indian startups raised $132.3 million across 18 deals in five days
- Funding dropped 35.2% versus the previous week’s $204 million
- Skyroot’s rise delivers India’s first spacetech unicorn of 2026
- Advanced hardware led funding with a $60 million round
Read the full story at Inc42
This summarization was done by Beige for a story published on 
Inc42