Indian rocket startup Skyroot raises $60 million in private investment capital
Even as it prepares for the first orbital launch attempt of its Vikram-1 rocket, the Indian rocket startup Skyroot has raised $60 million in private investment capital in a recent funding round, bringing the total raised by the company to $160 million.
The startup announced it had raised $60 million at a valuation of $1.1 billion prior to the funding. The round was co-led by early Google investor Ram Shriram’s venture capital firm, Sherpalo Ventures, and Singapore’s sovereign wealth fund, GIC. New investors in the round include funds managed by BlackRock, Playbook Partners, Shanghvi Family Office, and others. Existing investors that also participated in the round include the founders of Greenko Group and Arkam Ventures.
The company hopes to launch Vikram-1 in about two months, though no specific launch window has been announced. The rocket is presently being shipped to India’s Sriharikota spaceport.




