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Total amount raised
$109M
Latest funding date
2026-03-25
Location
Skyroot Aerospace has raised funding across multiple rounds, backed by investors including GIC, Temasek Holdings, BlackRock, Sherpalo Ventures, Solar Industries India, Mukesh Bansal, and others.
What Is Skyroot Aerospace?
Skyroot Aerospace is a Hyderabad-based space-tech startup founded in 2018 by Pawan Kumar Chandana and Naga Bharath Daka, both former scientists at the Indian Space Research Organisation (ISRO). The company develops launch vehicles and rocket systems designed to provide cost-effective access to space for small satellite operators. Skyroot made history in November 2022 by successfully launching India's first privately built rocket, Vikram-S, into space. The company's flagship orbital launch vehicle, Vikram-1, is designed to carry payloads of up to 480 kg to low Earth orbit.
How Much Funding Has Skyroot Aerospace Raised?
- Seed Round
- Amount Raised: USD 1,500,000
- Date: July 2018
- Lead Investors: Undisclosed (Mukesh Bansal participated as an early investor; Speciale Invest also noted as an early backer)
- Seed Round (2019)
- Amount Raised: Undisclosed (Solar Industries India invested ₹17.5 crore; Speciale Invest participated)
- Date: December 2019
- Lead Investors: Undisclosed
- Pre-Series A
- Amount Raised: USD 3,100,000
- Date: March 2020
- Lead Investors: Undisclosed (Speciale Invest, pi Ventures, Artha Venture Fund participated)
- Grant
- Amount Raised: INR 500,000 (prize money)
- Date: October 2020
- Lead Investors: Department for Promotion of Industry and Internal Trade (DPIIT) / ANIC-ARISE
- Series A
- Amount Raised: USD 11,000,000
- Date: May 20, 2021
- Lead Investors: Anil Chalamalasetty and Mahesh Kolli (Greenko Group promoters)
- Participants: Solar Industries India, Mukesh Bansal, Neeraj Arora, Worldquant Ventures, Graph Ventures, Vedanshu Investments
- Convertible Note / Bridge Round
- Amount Raised: USD 4,500,000
- Date: January 27, 2022
- Lead Investors: Sherpalo Ventures (Ram Shriram), Wami Capital
- Participants: Neeraj Arora, Amit Singhal
- Grant (Prize Money)
- Amount Raised: INR 5,000,000 (prize money)
- Date: August 4, 2022
- Lead Investors: ANIC-ARISE
- Series B
- Amount Raised: USD 51,000,000
- Date: September 5, 2022
- Lead Investors: GIC (via Waverly Pte Ltd, Singapore sovereign wealth fund)
- Participants: Sherpalo Ventures, Wami Capital, Solar Industries India, existing investors
- Series B Extension
- Amount Raised: Undisclosed
- Date: November 22, 2022
- Lead Investors: AUM Ventures
- Pre-Series C
- Amount Raised: USD 27,500,000
- Date: October 30, 2023
- Lead Investors: Temasek Holdings
- Participants: Mukesh Bansal, Solar Industries India, Google board member Ram Shriram, existing investors
- Debt Financing
- Amount Raised: USD 10,750,000 (₹100 crore via non-convertible debentures)
- Date: March 25, 2026
- Lead Investors: BlackRock
Total Amount Raised: At least $108M based on disclosed funding (across all rounds with known USD amounts: $1.5M + $3.1M + $11M + $4.5M + $51M + $27.5M + $10.75M = $109.35M; some early rounds and extensions undisclosed).
Key Investors
- GIC
- Details: Singapore's sovereign wealth fund and lead investor in Skyroot's $51M Series B (the largest in Indian private space-tech at the time). GIC invested via its subsidiary Waverly Pte Ltd; GIC Managing Director Mayank Rawat joined Skyroot's board.
- Temasek Holdings
- Details: Singapore-based state investment company that led Skyroot's pre-Series C round of $27.5M in October 2023, bringing total capital raised to approximately $95M at the time.
- BlackRock
- Details: Global investment management firm that provided ₹100 crore ($10.75M) in debt financing via non-convertible debentures in March 2026, marking Skyroot's first debt raise.
- Sherpalo Ventures
- Details: VC firm of Ram Shriram, Google's founding board member. Led Skyroot's bridge round of $4.5M in January 2022 and participated in the Series B.
- Mukesh Bansal
- Details: Founder of Myntra and CureFit, described as an original investor from 2018 who continued participation through Series A and pre-Series C rounds.
- Solar Industries India
- Details: Indian industrial company and recurring investor across multiple Skyroot rounds, including seed (₹17.5 crore in 2019), Series A, and pre-Series C.
What's Next for Skyroot Aerospace?
Skyroot Aerospace is positioning itself for significant growth as it moves toward full commercial launch operations. Following the historic launch of Vikram-S in 2022, the company is focused on completing development of its Vikram-1 orbital launch vehicle. With backing from leading global investors including GIC and Temasek, Skyroot aims to scale its launch cadence and capture a meaningful share of the growing small satellite launch market. The company has also been exploring additional fundraising to support its next phase of expansion.
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