Skyroot Aerospace
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Founders
About
Skyroot Aerospace is a Hyderabad-based private launch services company founded in 2018 by former ISRO scientists Pawan Kumar Chandana and Naga Bharath Daka 12. The company is preparing for the maiden orbital launch of its Vikram-1 rocket in the coming weeks and is developing Vikram-2, a heavier-lift launch vehicle expected to debut in 2027 12. The $60M round announced May 7, 2026 ($50M primary equity co-led by Sherpalo Ventures and GIC, plus $10M structured debt from BlackRock-affiliated funds) values the company at $1.1B pre-money, making Skyroot India’s first space-tech unicorn—more than double its $500M pre-money valuation from 2023 123. Sherpalo Ventures founder and Alphabet board member Ram Shriram will join Skyroot’s board 23.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-05-07 | Growth | $60M | Sherpalo Ventures, GIC | BlackRock-affiliated funds, Playbook Partners, Arkam Ventures, Greenko Group founders 123 |
What Investors Say
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What Founders Say
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Sources
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TechCrunch, “India’s first space tech unicorn emerges as Skyroot gears up for orbital launch,” May 7, 2026. Accessed May 2026. https://techcrunch.com/2026/05/07/indias-first-space-tech-unicorn-emerges-as-skyroot-gears-up-for-orbital-launch/↩↩↩↩
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Via Satellite, “Skyroot Secures $60M in Funding, Becoming India’s First Space ‘Unicorn,’” May 7, 2026. Accessed May 2026. https://www.satellitetoday.com/finance/2026/05/07/skyroot-secures-60m-in-funding-becoming-indias-first-space-unicorn/↩↩↩↩↩
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Business Standard, “Skyroot Aerospace raises $60 mn, becomes a unicorn valued at $1.1 bn,” May 7, 2026. Accessed May 2026. https://www.business-standard.com/companies/news/skyroot-aerospace-raises-60-mn-becomes-a-unicorn-valued-at-1-1-bn-126050700238_1.html↩↩↩