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Skyroot Aerospace has become India's first space-sector company with a $1 billion valuation following a $60 million funding round involving Singapore's GIC and Sherpalo Ventures, aiming to enhance its launch capabilities and manufacturing capacity ahead of launching the Vikram-1 orbital rocket. #SpaceIndustry #Aerospace #Investment #IN #SG
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India's Skyroot becomes first $1 bln space-tech startup with GIC, Sherpalo, Blackrock backing
BENGALURU, May 7 (Reuters) - India's Skyroot Aerospace has became the first space-sector company in the country to hit a $1 billion dollar valuation after securing $60 million in fresh funding from Singapore's sovereign wealth fund GIC and Silicon Valley-based Sherpalo Ventures.