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- Skyroot Aerospace
Skyroot Aerospace Valuation, Funding & Investors
Skyroot Aerospace is valued at $1.2B as of May 2026.
Last Skyroot Aerospace valuation
$1.2B
Undisclosed stage · May 2026
Last Skyroot Aerospace funding round
$60M
Undisclosed stage · May 2026
Cumulative funding Skyroot Aerospace raised
$155M
across 6 funding rounds
Key investors in Skyroot Aerospace
Neeraj Arora
Sherpalo Ventures
Mukesh Bansal
Temasek
BlackRock
GIC
About Skyroot Aerospace
Skyroot Aerospace is a Hyderabad-based aerospace company manufacturing small satellite launch vehicles for the Indian space market. The firm developed the Vikram series rockets, achieving India's first private suborbital test flight with Vikram-S in 2022 from Sriharikota. Skyroot Aerospace targets low-Earth orbit missions with reusable solid-fuel boosters, securing contracts from ISRO and international payloads.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$1.2B (May 2026)
Skyroot Aerospace Valuation
Skyroot Aerospace is currently valued at $1.2B, based on its undisclosed-stage round in May 2026.
The $60M round was led by GIC and Sherpalo Ventures, with participation from Playbook Partners, BlackRock and MABS.
Skyroot Aerospace's valuation has grown 7.0x from $165M at its Series B in September 2022 to $1.2B in May 2026, across 2 priced rounds.
Skyroot Aerospace valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2026 | Undisclosed stage | $1.2B |
| Sep 2022 | Series B | $165M |
Skyroot Aerospace Funding History
Skyroot Aerospace has raised a total of $155M across 6 funding rounds.
Skyroot Aerospace's first fundraising round was a $2M seed round in July 2018. The most recent completed round was a $60M undisclosed-stage round in May 2026.
Skyroot Aerospace funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Undisclosed stage | GIC (lead); Sherpalo Ventures (lead); Playbook Partners; BlackRock; MABS | $60M | $1.2B | Skyroot Aerospace raised US$60 million in a funding round co-led by GIC and Sherpalo Ventures, with participation from funds managed by BlackRock, founders of Greenko Group, Arkam Ventures, Playbook Partners, Shanghvi Family Office, and others. The round elevates the company's post-money valuation to US$1.1 billion, marking it as India's first space-tech unicorn. Total capital raised reaches US$160 million. The funding supports scaling Vikram-1 launch cadence, expanding manufacturing capacity, and accelerating Vikram-2 development amid India's growing space economy. Existing investors including GIC, BlackRock, Greenko Group, and Arkam Ventures continued participation, with Ram Shriram of Sherpalo joining the board. Hyderabad-based Skyroot Aerospace operates as a private space launch company, nearly doubling its valuation from US$519 million in 2023 over 30 months. |
| Oct 2023 | Series C | Temasek (lead) | $27M | - | Skyroot Aerospace, a Hyderabad-based spacetech startup founded in 2018 by Pawan Kumar Chandana and Naga Bharath Daka, develops launch vehicles for small satellites, including the Vikram-1 capable of placing 300 kg payloads into orbit. The company provides on-demand, cost-effective space launch services targeting the global small and medium-sized satellite market, including single satellites or constellations. It was the first private startup to sign an MoU with ISRO for facility access and became India's highest-funded spacetech firm with this round. In October 2023, Skyroot raised $27.5 million in a pre-Series C round led by Temasek Holdings, bringing total funding to $95 million across multiple rounds. Temasek, a Singapore government-owned global investor, led this infusion, which followed a 2022 raise. Funds will support infrastructure expansion, R&D, talent acquisition, technology leadership, and higher launch cadence, with multiple orbital launches planned over the next two years, starting with a second mission early in 2024. This positions Skyroot to capitalize on India's growing space sector amid global interest post-Chandrayaan-3. Competitors include Pixxel ($71M total funding) and Agnikul Cosmos ($40M). India's space industry is projected to reach $40-100 billion by 2040 per Arthur D. Little, with Skyroot aiming to become a preferred provider for small satellite launches. |
| Sep 2022 | Series B | Waverly (lead); LNM India Internet Ventures | $51M | $165M | Skyroot Aerospace is a spacetech startup founded in 2018 by former Indian Space Research Organization scientists Pawan Kumar Chandana and Naga Bharath Daka, focused on developing cost-effective space launch vehicles. The company raised approximately $51 million in a Series B funding round in September 2022, led by Waverly Pte Ltd (a subsidiary of Singapore-based GIC), with participation from LNM India Internet Ventures. This round followed prior funding including a $11 million Series A in May 2021 led by Anil Chalamalasetty and Mahesh Kolli, and a $4.5 million convertible note in January 2022 from Sherpalo Ventures and Wami Capital. The Series B funds were aimed at accelerating launch vehicle development and preparing for commercial launches. Total funding raised by Skyroot across rounds was reported around $89.5-95 million as of late 2022. The company also received a small INR 5 million grant in August 2022 from ANIC-ARISE for research projects. |
| Jan 2022 | Seed | Sherpalo Ventures (lead); Wami Capital (lead); Neeraj Arora; Amit Singhal | $5M | - | Skyroot Aerospace raised $4.5 million in a convertible note round in January 2022 led by Sherpalo Ventures and Wami Capital, with participation from Amit Singhal and Neeraj Arora. The funding aimed to bridge the gap before the next major round and advance technological developments. This followed a Series A round of $11 million in May 2021 led by Anil Chalamalasetty and Mahesh Kolli to scale launch vehicle development and team expansion. Skyroot Aerospace develops private launch vehicles as a Hyderabad-based space-tech startup. The company continued with a Series B round of $51 million in September 2022 led by Waverly to accelerate launch vehicle development and prepare for commercial launches. Later, in 2023, Temasek and GIC invested $27.5 million in a Series B - II round, valuing the company at $519 million, up from $163 million in 2022. |
| May 2021 | Series A | Anil Chalamalasetty (lead); Mahesh Kolli (lead); Graph Ventures; Neeraj Arora; Solar Industries India; Vedanshu Investments; Mukesh Bansal; WorldQuant Ventures LLC | $11M | - | Skyroot Aerospace is a Hyderabad-based spacetech startup developing launch vehicles, including its first Vikram-1, founded in 2018 by former ISRO scientists Pawan Kumar Chandana and Naga Bharath Daka. The company has conducted initial rocket stage tests and plans to launch Vikram-1 by late 2021 or mid-2022, with a team of over 70 rocket engineers. It has partnerships with ISRO for facilities and technical expertise, and with Bellatrix Aerospace for orbital transfer vehicle technology. Skyroot Aerospace raised $11 million in a Series A funding round on or around May 19, 2021, led by Greenko Group founders Anil Chalamalasetty and Mahesh Kolli. Participants included Solar Industries India (Rs 17.5 crore), Neeraj Arora, Mukesh Bansal, Graph Ventures, Vedanshu Investments, WorldQuant Ventures LLC, and others. Anil Chalamalasetty, Mahesh Kolli, and a Solar Industries representative joined the board post-round. The funds support completing development and testing of over 100 subsystems for Vikram-1, strengthening the team, and fueling the rocket program. Skyroot has started bookings for launches from mid-2022 and is engaging global customers. The company plans to raise an additional $40 million for aggressive growth. |
| Jul 2018 | Seed | Mukesh Bansal; Meraki Labs | $2M | - | - |
Who has invested in Skyroot Aerospace?
19 investors have backed Skyroot Aerospace across its funding rounds, including Neeraj Arora, Sherpalo Ventures, Mukesh Bansal, Temasek, BlackRock and GIC.
Lead investors include GIC, Sherpalo Ventures, Temasek, Waverly, Wami Capital and 2 other investors.
Skyroot Aerospace Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | May 2021 | ||
| 2 | Lead | Jan 2022 | ||
| 2 | Participant | Jul 2018 | ||
| 1 | Lead | Oct 2023 | ||
| 1 | Lead | Sep 2022 | ||
| 1 | Participant | May 2021 | ||
| 1 | Lead | May 2021 | ||
| 1 | Participant | Sep 2022 | ||
| 1 | Participant | May 2021 | ||
| 1 | Lead | May 2026 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Jan 2022 | ||
This data is available for Pro users. Sign up to see all 19 Skyroot Aerospace investors. Start Free Trial | ||||
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Start Free TrialSkyroot Aerospace Competitors
Skyroot Aerospace competitors include listed companies like Paras Defence And Space, York Space Systems, Astroscale and Orbita Aerospace, and private ones like Isar Aerospace and Hermeus.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $50M | $13M | $1.2B | 20.2x | ||
| Private | - | - | $1.1B | - | ||
| Publicly listed | $386M | ($21M) | $1.2B | 2.1x | ||
| Publicly listed | $38M | ($57M) | $1B | 22.6x | ||
| Publicly listed | $41M | ($21M) | $1.3B | - | ||
| Private | - | - | $1B | - |
Skyroot Aerospace Public Comps
Skyroot Aerospace is still privately-owned, but its public comps include Paras Defence And Space, York Space Systems, Shaanxi Zhongtian Rocket, Droneshield, AEVEX, Invisio, 6912 Communication, HAITE High-Tech, Astroscale and Vincorion.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $50M | $13M | 23.1x | 20.2x | 85.4x | 78.7x | |||
| $386M | ($21M) | 2.1x | 2.1x | (38.5x) | (31.5x) | |||
| $117M | ($6M) | 9.5x | - | (196.7x) | - | |||
| $154M | $3M | 6.6x | 5.7x | 317.9x | (248.7x) | |||
| $433M | $30M | 5.1x | 3.5x | 73.8x | 25.1x | |||
| $177M | $39M | 6.2x | 5.3x | 28.3x | 24.0x | |||
| $67M | $11M | 17.9x | - | 107.9x | - | |||
| $233M | ($33M) | 4.8x | - | (34.0x) | - | |||
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Common questions about Skyroot Aerospace
| When was Skyroot Aerospace founded? | Skyroot Aerospace was founded in 2018. |
| Where is Skyroot Aerospace headquartered? | Skyroot Aerospace is headquartered in Hyderabad, India. |
| Is Skyroot Aerospace publicly listed? | No, Skyroot Aerospace is a private, VC-backed company. |
| What is Skyroot Aerospace's valuation? | Skyroot Aerospace was last valued at $1.2B in its undisclosed-stage round in May 2026. |
| How much funding has Skyroot Aerospace raised? | Skyroot Aerospace has raised $155M across 6 funding rounds. |
| What was Skyroot Aerospace's last funding round? | Skyroot Aerospace's last funding round was a $60M undisclosed-stage round in May 2026, led by GIC and Sherpalo Ventures. |
| Who are Skyroot Aerospace's investors? | Skyroot Aerospace's investors include Neeraj Arora, Sherpalo Ventures, Mukesh Bansal, Temasek, Waverly, Graph Ventures, Anil Chalamalasetty, LNM India Internet Ventures, Solar Industries India, GIC and 9 others. |
| Which companies are comparable to Skyroot Aerospace? | Companies comparable to Skyroot Aerospace include Paras Defence And Space, Isar Aerospace, York Space Systems, Astroscale, Orbita Aerospace and Hermeus. |
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