Skyroot hits unicorn status as India’s first space startup raises funding and reaches 1.1 billion valuation

Valuation jumps to 1.1 billion after fresh capital

Skyroot has become India’s first space unicorn after securing a new fundraising round that values the company at $1.1 billion. The milestone arrives as India’s broader unicorn growth has cooled since the post-Covid boom, hinting that a renewed wave could come from space and deep-tech startups. The raise signals investor appetite for early space capabilities.