September 19

With Skyroot’s $51 Million Funding, Indian Space Tech Startups Seek New Orbit

Low Earth orbit satellites are all the rage, with tens of thousands being planned for launch by private businesses as well as governments around the world, especially the US.
One Indian space rocket startup is looking at this opportunity to put its own business into a new orbit never seen before by any private space company in the country. Skyroot Aerospace made a small bit of Indian space startup history, when it announced $51 million in funding from Singapore’s GIC (Government Investment Corporation) earlier this month.
As part of the investment, Mayank Rawat, managing director of GIC India Direct Investment Group, will join Skyroot’s Board.
Photo courtesy of Jeremy Perkins.

Source: Forbes India (link opens in a new window)

business development, startups