2018
Hyderabad (India)
Series B
Skyroot Aerospace is India’s private aerospace manufacturer and commercial launch service provider. The company’s flagship Vikram series rockets—named in honor of Dr. Vikram Sarabhai—are engineered for modularity, quick assembly, and minimal ground infrastructure, making them ideal for global satellite operators seeking affordable, reliable, and responsive launches. Skyroot made history in November 2022 as the first Indian private company to reach space with the suborbital Vikram-S rocket.
Vikram-S: Suborbital demonstrator (first private Indian rocket to reach space, Nov 2022)
Vikram-I: Three-stage solid-propellant launcher with a liquid kick stage; 480 kg to 500 km LEO, 290 kg to 500 km SSPO; maiden flight expected late 2025
Vikram-II & III: Heavier-lift variants under development for larger payloads and higher orbits
Raman Series: 3D-printed, hypergolic upper-stage engines for precise orbital maneuvers
Kalam Series: Carbon-composite solid rocket motors (Kalam-5, Kalam-100, Kalam-250) powering various Vikram stages
Dhawan Series: Cryogenic engines for upper-stage efficiency (notably Dhawan-II, fully 3D-printed and flight-qualified)
Launch Services: Primary revenue from satellite launches (contracted and scheduled for 2025 onward)
Technology Licensing & Component Sales: Engine, propulsion, and integration technology for other aerospace clients
Mission Support & Consulting: Custom mission design, regulatory, and integration services
B2B Focus: Commercial satellite operators, space agencies, defense, academic/research institutions
Geographic Mix: Global—clients in India, EU, US, and Asia-Pacific
1. Key Client: N-SPACE, BazoomQ, SpaceKidz India (early payload customers for Vikram-S).
2. Strategic Partnerships
ISRO: First private MoU for facility and tech access, ongoing collaboration for subsystem testing and launch integration
Axiom Space: Joint missions for satellite launches, human spaceflight, and orbital logistics (signed June 2025)
WISeSat: Secure satellite communications and joint launches from India (2025+)
Expleo & ConnectSAT: Software and IoT satellite partnerships for orbital missions
Vikram-1 Launch: Maiden orbital flight set for late 2025, unlocking multi-million dollar launch contracts and recurring revenue
Product Expansion: Development of Vikram-II/III for larger payloads and higher orbits; expansion into reusable launch technology
Global Market Penetration: Partnerships with Axiom, WISeSat, and French satellite firms for international customer acquisition
Infrastructure Scale-Up: New integrated rocket manufacturing and testing facility in Telangana (₹500 crore investment)
Capital Intensity: Sustained R&D and infrastructure investment required for scaling and reliability
Regulatory Complexity: Export controls, launch licensing, and global compliance
$95 Million
8
$27 Million, Series B
as of October 30, 2023
$165 Million
as of November 22, 2022
1.7
as of November 22, 2022
GIC
and 2 more403
Olee
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
October 30, 2023 | Series B | $27 Million | - | $2.8Million | 177.0x | Temasek, GIC, LNM India Internet Ventures |
November 22, 2022 | Series B | Undisclosed | $165 Million | $1.2 Million | - | AUM Ventures |
August 29, 2022 | Series B | $50 Million | $164 Million | $772 K | 148.1x | GIC, Sherpalo Ventures, WAMI Capital, LNM India Internet Ventures |
January 27, 2022 | Series B | $4.5 Million | - | $25.3 K | - | Sherpalo Ventures, WAMI Capital, Vevek Venture Investments, AKSS Holdings |
May 20, 2021 | Series A | $11 Million | $90 Million | $17 K | - | WorldQuant Ventures, Sutton Capital, Graph Ventures |
June 15, 2020 | Seed | $370 K | $15.5 Million | $30.7 K | - | Vedanshu |