Skyroot Aerospace Becomes India's First Space Tech Unicorn with $60 Million Funding
Skyroot Aerospace, an Indian startup, has become the country's first space tech unicorn after securing $60 million in new funding. The investment, led by Sherpalo Ventures and GIC, values the company at $1.1 billion. Skyroot is preparing for the maiden orbital launch of its Vikram-1 rocket, which is set to occur in June. The company, founded by former ISRO engineers, focuses on developing small satellite launch vehicles. The funding will be used to scale manufacturing and increase the launch frequency of Vikram-1 missions, as well as to develop the Vikram-2 rocket. 
