Skyroot Aerospace

Space Tech · Aerospace · Deep Tech

Funding

Skyroot Aerospace reportedly seeks $200M raise at $2B valuation

A successful maiden orbital launch just doubled a space startup's price tag in under three months.

• Skyroot Aerospace has invited investors to submit bids for a new funding round valuing the company at $2 billion, up 80% from $1.1 billion in May 2026, with a likely raise of about $200 million, according to sources cited by Moneycontrol.
• The Hyderabad-based rocket maker became the first private Indian company to reach orbit on July 18, when its Vikram-1 launch vehicle carried four payloads into a 450 km orbit on its debut flight.
• Unlike its prior rounds, Skyroot is running a bid-style process managed by Kotak, evaluating competing offers rather than pitching investors directly, with new entrant 360 One Asset evaluating a stake alongside existing backers GIC and Temasek.
• Just three months earlier, Skyroot closed a $60 million round at a $1.1 billion valuation, funded mostly by existing backers after a slower process when few investors were willing to back a spacetech startup.
• Indian spacetech startups have collectively raised $871 million across 285 companies, with Skyroot leading at $150 million raised to date, according to Tracxn data cited by NDTV.
• Investors now bidding for allocation rather than being courted signals a shift in how India's spacetech sector is priced, rewarding proven hardware execution over prototype promises.