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Skyroot raises 60 million to become India spacetech unicorn with Vikram 1 launch weeks away
Startups
Published on 7 May 2026
A board seat for Ram Shriram in this round
Spacetech startup Skyroot Aerospace has raised $60 million, doubling its pre-money valuation to $1.1 billion and putting it on track to become India’s first spacetech unicorn. The round was co-led by Sherpalo Ventures and Singapore’s GIC, with other major investors joining. Skyroot plans faster Vikram-1 launches and ramps up Vikram-2 development as it prepares for an orbital debut in coming weeks.
- Skyroot’s $60 million round values it at $1.1 billion
- Sherpalo Ventures and GIC co-led, with heavy financial investors involved
- Ram Shriram will join Skyroot’s board
- Funding targets regular Vikram-1 flights and Vikram-2 development
Read the full story at Inc42
This summarization was done by Beige for a story published on 
Inc42