🇮🇳 India
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Skyroot Aerospace raises $60 million, becomes India’s first spacetech unicorn
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Skyroot Aerospace has raised about $60 million at a pre-money valuation of $1.1 billion, making it the first spacetech unicorn.The round was co-led by Sherpalo Ventures and GIC, a global institutional investor, with participation from other existing Skyroot investors, including the founders of Greenko Group and Arkam Ventures.The founder of Sherpalo, Ram Shriram, a tech investor and a Board member of Alphabet Inc, will be joining Skyroot’s Board.The new capital will enable Skyroot to establish a
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