Deals · Updated 15 Oct, 07:32 am IST
Skyroot in talks to raise $300M to scale rocket production
Why it matters for readers: It shows India’s private space firms attracting large checks and global investors after successful missions.
- Skyroot is seeking $300 million in two tranches priced at different valuations to scale up rocket production.1
- The startup is in talks with Indian family offices to raise about $150 million at a valuation of $2.3–2.5 billion.1
- Skyroot aims to raise the other $150 million from global investors such as General Catalyst, General Atlantic and Benchmark at valuations up to $3 billion.1
- If completed at the upper end, the round would nearly triple Skyroot’s valuation since its May raise of $60 million at a $1.1 billion valuation.1
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