Skyroot Aerospace

Spacetech · Aerospace

Funding

Skyroot reportedly in talks to raise $280-300M at $2.8-3B valuation

Benchmark would make its first known direct India bet, chasing a rocket startup fresh off an orbital launch.

• Skyroot Aerospace is in advanced talks to raise $280-300 million from Fidelity, General Catalyst and Benchmark at a $2.8-3 billion valuation, according to a Moneycontrol report citing four sources.
• Founded in 2018 by former ISRO scientists Pawan Kumar Chandana and Naga Bharath Daka, Skyroot builds the Vikram family of small-lift orbital rockets from its Hyderabad base.
• Fidelity is expected to put in $170-190 million, General Catalyst $70-80 million and Benchmark $20-30 million, marking Benchmark's first known direct investment in an Indian company.
• The talked-about valuation is nearly three times the $1.1 billion mark Skyroot hit in a $60 million round in May, when it became India's first spacetech unicorn.
• Existing backers GIC, BlackRock, Sherpalo Ventures and Arkam Ventures are also weighing pro-rata participation, which could still shift the round's final size and price.
• Indian spacetech startups have raised $252.9 million so far in 2026, nearly double the full-year 2025 total, as government funds and private VCs chase commercial traction post-Vikram-1.
• A storied Silicon Valley firm making its India debut on a rocket startup signals that Vikram-1's successful orbital launch is now translating real technical proof into global capital appetite.