Skyroot — India’s first space‑tech unicorn ahead of orbital launch

Colleagues, sharing a note from the space‑tech sector.

Skyroot has become India’s first space‑tech 'unicorn', raising $60M and securing a pre‑money valuation of $1.1B, TechCrunch reports. The round was led by Sherpalo Ventures and GIC; roughly $10M was structured debt tied to BlackRock funds.

The company is preparing the first private orbital launch of Vikram‑1 from Sriharikota (payload up to 350 kg), targeting a June liftoff. Founded by former ISRO engineers, it will scale production and develop Vikram‑2 — a 1‑ton launcher with a cryogenic stage by 2027.

Why it matters: the rise of private launches intensifies competition in the small‑satellite market.

How do you assess the potential of Indian space startups?

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