Current Affairs - Technology - Discussion

Skyroot Aerospace became India’s first space-tech unicorn after raising $60 million in a funding round co-led by Sherpalo Ventures and Singapore’s sovereign wealth fund GIC. The Hyderabad-based company achieved a valuation of $1.1 billion, marking a major milestone for India’s private space sector. Founded in 2018 by former ISRO engineers Pawan Kumar Chandana and Naga Bharath Daka, Skyroot Aerospace is developing orbital launch vehicles such as Vikram-1 and Vikram-2. The company had earlier achieved success by launching the Vikram-S suborbital rocket in 2022, becoming the first private Indian firm to send a rocket into space.