Ram Shriram's Sherpalo Ventures to lead $60 million funding round in Skyroot; valuation hits $1 billion

Skyroot Aerospace, India's first private rocket startup, has secured $60 million in funding led by American investor Ram Shriram. This investment values the Hyderabad-based company at one billion dollars, making it India's first space tech unicorn. The capital will accelerate launch vehicle development, including the upcoming Vikram-1 orbital launch.