Skyroot eyes $2 billion valuation after Vikram-1 success, seeks investor bids

Skyroot is seeking a valuation of around $2 billion, nearly 80% higher than the $1.1 billion valuation it achieved during its previous funding round in May this year.Skyroot Aerospace is looking to raise fresh capital at a sharply higher valuation after the successful launch of Vikram-1, India's first privately developed orbital launch vehicle. The Hyderabad-based space technology startup has reportedly asked interested investors to submit bids to invest in the company, instead of following the traditional fundraising process.Skyroot is seeking a valuation of around $2 billion, nearly 80% higher than the $1.1 billion valuation it achieved during its previous funding round in May this year, reported Moneycontrol.A DIFFERENT APPROACH TO FUNDRAISINGUnlike a typical startup funding round, where founders or investment bankers approach investors, Skyroot has chosen a different route this time.The company has invited interested investors to submit their bids. It will then evaluate the offers before deciding which investors it wants to bring on board. The company is looking to raise around $200 million, although the final amount and valuation could still change as discussions continue, the report mentioned.Investment bank Kotak is managing the fundraising process.VIKRAM-1 LAUNCH CHANGES INVESTOR SENTIMENT The company's confidence appears to have grown significantly after the successful launch of Vikram-1 on July 18.The mission marked a major milestone for India's private space industry, making Skyroot the first private Indian company to develop and launch an orbital launch vehicle.The achievement has also changed how investors view the company. According to people aware of the discussions, investor interest has increased considerably since the launch, with several domestic and international investors now exploring participation in the funding round.The report said Skyroot is expected to complete the fundraising over the next two months and is also looking to bring more Indian investors onto its shareholder base.Meanwhile, several existing investors are also expected to take part in the new round. According to the report, sovereign wealth funds GIC and Temasek are considering fresh investments. Domestic investor 360 One Asset is also among those evaluating an investment in the company.If completed, this will be Skyroot's second fundraising exercise in under six months.In May, the startup raised $60 million from investors including Ram Shriram's Sherpalo, GIC, BlackRock, Arkam Ventures and others. That funding round valued the company at $1.1 billion, helping it achieve unicorn status.The latest fundraising comes on the back of a series of milestones. Before Vikram-1, Skyroot had made history in 2022 by launching Vikram-S, becoming the first private Indian startup to successfully launch a rocket into space.The success of Vikram-1 appears to have further strengthened investor confidence, with the company now aiming for a much higher valuation as it prepares for its next phase of growth.- EndsPublished By: Jasmine anandPublished On: Aug 5, 2026 18:24 IST