NEW DELHI: Private space-tech company, Skyroot Aerospace has raised an additional $27.5 million, equivalent to Rs 225 crore, in a pre-Series C funding round led by Temasek.
The capital infusion builds upon the company’s previous raise in 2022, bringing its total funding to $95 million, which is the largest ever for an Indian Space-tech start-up.
Skyroot plans to use the newly-acquired capital to drive its next phase of growth through increased investments in infrastructure, reinforcement of its technology leadership, attraction of top-tier talent, and the enhancement of its launch frequency and capabilities, the Hyderabad-based firm said in a statement.
It was founded by space scientists-turned-space entrepreneurs, Pawan Kumar Chandana and Naga Bharath Daka.