# Skyroot Aerospace Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skyroot-aerospace-private

- Industry: Aerospace
- Headquarters: Hyderabad, India
- Website: www.skyroot.in
- Total disclosed funding: $66M
- Latest round: Series C (May 7, 2026)
- Investors on record: 12

## About

Skyroot Aerospace, based in India, focuses on developing and launching advanced space vehicles, namely the Vikram series of rockets, designed for efficient payload delivery into orbit. 

Founded in 2018 and headquartered in Telangana, India, Skyroot Aerospace specializes in the design and launch of private space vehicles. The company was co-founded by Pawan Kumar Chandana (CEO) and Naga Bharath Daka (COO), who both have substantial experience in aerospace engineering. In May 2026, Skyroot Aerospace Private Limited raised USD 50 million in series C funding co-led by Sherpalo Ventures and GIC, with participation from Playbook Partners, BlackRock, MABS India, and Arkam Ventures and USD 10 million in venture debt funding from new investor BlackRock. The round was part of a larger USD 60 million series C and venture debt financing.

Skyroot Aerospace specializes in the development and launch of advanced space vehicles, primarily through its Vikram series of rockets. Their core product offerings include the Vikram-I, Vikram-II, and Vikram-III launch vehicles, designed to cater to various payload capacities and orbital requirements. These rockets utilize innovative technologies such as solid rocket propulsion and additively manufactured engines, enhancing reliability and performance in delivering payloads into space. The end-use cases of these services predominantly revolve around satellite deployment for communication, Earth observation, and scientific research, targeting commercial clients, governmental agencies, and academic institutions globally. The geographical markets include Southeast Asia, Europe, and North America, where demand for affordable and reliable satellite launch services is growing. 

In the most recent year, 2023, Skyroot Aerospace reported a revenue of INR 54,823.5 mn. The company has focused on providing launch services to a diverse array of clients, including private satellite companies, government organizations, and research institutions. Their pricing structure reflects the complexity and technology involved in their launch services, with flagship products like the Vikram-I rocket capable of carrying up to 480 kg for low inclination orbits, catering to a broad spectrum of clients. 

The company will use the May 2026 funding to scale manufacturing, increase the launch cadence of Vikram-1 missions, and support development of the Vikram-2 heavier-lift launch vehicle.

## Funding rounds

- Series C, May 7, 2026, $50M — GIC, BlackRock, Sherpalo Ventures, Arkam Ventures, MABS India, Playbook Partners
- Series B, Jun 30, 2024 — Arkam Ventures
- Series A, Jan 27, 2022, $4.7M — Sherpalo Ventures, Wami Capital
- Series A, May 19, 2021, $11M — Graph Ventures, Solar Industries India, WorldQuant Ventures, Sincore Ventures, Vedanshu Investments
- Series A, Jun 15, 2020, $0.4M — Vedanshu Investments

## Investors

- Vedanshu Investments (https://capitalatlas.ai/funds/vedanshu-investments) — Series A
- Graph Ventures (https://capitalatlas.ai/funds/graph-ventures) — Series A
- Solar Industries India — Series A
- WorldQuant Ventures (https://capitalatlas.ai/funds/worldquant-ventures) — Series A
- Sincore Ventures — Series A
- Sherpalo Ventures (https://capitalatlas.ai/funds/sherpalo-ventures) — Series A, Series C
- Wami Capital — Series A
- Arkam Ventures (https://capitalatlas.ai/funds/arkam-ventures) — Series B, Series C
- GIC — Series C
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series C
- MABS India (https://capitalatlas.ai/funds/mabs-india) — Series C
- Playbook Partners (https://capitalatlas.ai/funds/playbook-partners) — Series C