Good news!
"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 ...
The investment comes as Skyroot prepares for the first orbital launch attempt by an Indian private company. The Vikram-1 rocket was flagged off to India’s spaceport on the southern island of Sriharikota in April, and the startup is targeting a June launch after completing flight qualification tests and beginning integration and launch campaign activities. ..."
Skyroot co-founders Naga Bharath Daka (left) and Pawan Kumar Chandana (Right)
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