Science TechnologyFriday, 8 May 2026·The Hindu
Skyroot Aerospace becomes India’s first space-tech unicorn in May 2026
Skyroot Aerospace raised $60 million on 7 May 2026 and reached a $1.1 billion valuation, becoming India’s first space-tech unicorn.
Key highlights
Direct fact
On 7 May 2026, Hyderabad-based Skyroot Aerospace became India’s first space-tech unicorn after raising $60 million and reaching a valuation of $1.1 billion.
Key specifics
- The funding round was co-led by Sherpalo Ventures and Singapore’s sovereign wealth fund GIC.
- Skyroot’s total funding crossed $160 million after the round.
- Ram Shriram, an Alphabet board member and Google’s first backer, joined the company’s board.
- The company was founded in 2018 by former ISRO engineers Pawan Kumar Chandana and Naga Bharath Daka.
- Skyroot launched Vikram-S, India’s first private rocket launch, in 2022.
Exam lens
Science and technology question, Skyroot Aerospace, Hyderabad, $60 million, $1.1 billion, 2018, 2022; TNPSC may ask India’s first space-tech unicorn and its founders.