Skyroot Rockets to Unicorn Status Backed by GIC, BlackRock Funds

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By Mihir Mishra

May 7, 2026 at 4:23 AM UTC

Skyroot Aerospace Pvt. has become India’s first space-tech unicorn after securing $60 million in fresh funding from GIC Pte and Sherpalo Ventures, lifting its valuation to $1.1 billion.

The round also saw participation from funds managed by BlackRock Inc., taking Skyroot’s total capital raised to $160 million, the company said in a statement Thursday.