Skyroot Aerospace has become India’s first space tech unicorn after raising $60 million in a new investment ahead of the maiden orbital launch of its Vikram-1 rocket in the coming weeks.
The funding round valued the Hyderabad-based startup at $1.1 billion on a pre-money basis and included about $50 million in primary equity co-led by Sherpalo Ventures and GIC, along with around $10 million in structured debt managed by funds affiliated with BlackRock, the company told TechCrunch.
Originally reported by TechCrunch
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