Skyroot rockets to Unicorn status with $60 million fundraise; Trilegal, TT&A, CAM advise

PE / VC Jun 2026· $60 million · Completed· ◔ Reported

Skyroot Aerospace, a Hyderabad-based private aerospace manufacturer offering on-demand satellite launch services via its Vikram series rockets, raised $60 million from a consortium led by Singapore-based Sherpalo Ventures and GIC (Government Investment Corporation of Singapore), alongside BlackRock-managed funds, founders of renewable-energy unicorn Greenko Group, Arkam Ventures, Playbook Partners, and the Shanghvi Family Office. The fundraise values the company at $1.1 billion, conferring unicorn status. The capital is earmarked for high-cadence Vikram-1 launch operations, manufacturing scale-up, and development of Vikram-2, a 1-tonne-class vehicle with advanced cryogenic propulsion. The…

Why it mattersCross-border tech-infrastructure deal structure with strategic institutional (GIC, BlackRock) and domestic (Greenko, Shanghvi) co-investors; precedent for Indian aerospace company reaching unicorn via institutional APAC/global venture rounds; regulatory oversight under DOS/IN-SPACe framework expected but not disclosed in article.
CounselTrilegal, TT&A, Cyril Amarchand Mangaldas
SectorTechnology
Value$60 million
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