India Gets New Unicorn:India has added a new unicorn to its growing startup ecosystem - and this time, it is from the space sector. Hyderabad-basedSkyroot Aerospacehas crossed the $1 billion valuation mark after raising $60 million (around Rs 570 crore) in a fresh funding round co-led by Sherpalo Ventures and Singapore’s sovereign wealth fund GIC.
Other investors in the round included BlackRock, the founders of Greenko Group, Arkam Ventures, Playbook Partners and the Shanghvi Family Office.
According to startup data platform Tracxn, India has created 131 unicorns so far, with four new unicorns added in 2026 as of May 7.
Also Read:India’s Unicorn Race Heats Up With Skyroot Aerospace, KreditBee Entry
1. India’s First Space Tech Unicorn
Skyroot Aerospace has become India’s first space-tech startup to achieve unicorn status.
The company’s latest valuation has reportedly touched $1.1 billion after the latest funding round.
2. Founded By Former ISRO Scientists
Skyroot was founded by former scientists and engineers from Indian Space Research Organisation (ISRO).
The startup focuses on commercial satellite launch services and is building rockets designed for private space missions.
Source: India Latest News, Breaking News Today, Top News Headlines | Times Now
