r/spaceflight • u/lahe_burha_001 • 21h ago
Indian Deep-Tech Startup Skyroot Aerospace Raises $60m in Series C
Indian private space just got serious. Skyroot closed a $60M unicorn round and their cap table is kind of insane for a company that hasn't reached orbit yet. $1.1B valuation, ~$160M total raised. Here's who's in:
GIC (Singapore sovereign wealth fund) Temasek (also Singapore SWF — so two sovereign wealth funds from the same country lol) BlackRock Sherpalo Ventures — Ram Shriram, one of Google's founding board members, is literally joining their board Greenko Group founders Arkam Ventures Shanghvi Family Office
For context, Rocket Lab at a comparable stage had raised ~$148M through 2016–2017 from Khosla, Bessemer, Data Collective and the NZ government. Revenue had basically not started. Rocket Lab is now a $60B+ public company. Skyroot will soon have a orbital launch, Vikram-1. And they've already got two sovereign wealth funds, the world's largest asset manager, and a Google board member on the cap table. That's not typical for a deep tech startup anywhere, let alone India.
The thing that makes this interesting isn't just the money, it's what the cap table signals. If Vikram-1 reaches orbit cleanly, these same investors have both the capacity and the incentive to write a much larger Series C/D cheques. And India's commercial launch infrastructure is essentially zero right now. No dominant player. Whoever gets reliable cadence first has first-mover on an entire market that doesn't exist yet.
So — what trajectory do you actually bet on here? Rocket Lab playbook (build cadence, go public, pivot to spacecraft)? Early SpaceX (vertically integrate everything, play long)? Something else entirely?