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.
ISRO held technical talks with Russia’s Roscosmos in Moscow focused on semi-cryogenic engines vital for India’s heavy-lift launch vehicles. A draft contract is currently under approval and could speed up ISRO’s indigenous engine development. The discussions also fit within ISRO’s wider cooperation roadmap, including efforts linked to the Venus Orbiter Mission.
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