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Skyroot Aerospace seeks $150–200M in funding, aiming for a $1B valuation amid growing interest in India’s private space sector.
Hyderabad-based space-tech startup Skyroot Aerospace is seeking $150–200 million in funding to support its growth, potentially reaching a $1 billion valuation.
The company, backed by Singapore’s GIC and Temasek, is working with Kotak Mahindra Capital to sell a minority stake through new share issuance without diluting existing shareholders.
This follows a significant valuation increase from $163 million in 2022 to $519 million in 2023 after a $27.5 million investment.
The funding round reflects rising investor interest in India’s expanding private space sector, which has seen over 400 startups and rising investment.
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Skyroot Aerospace busca $ 150-200M en financiamiento, con el objetivo de una valoración de $ 1B en medio del creciente interés en el sector espacial privado de la India.