YourStory presents this daily roundup of the latest startup news and updates from the Indian startup ecosystem and beyond. Here's the roundup for Thursday, May 20, 2021.
Skyroot Aerospace raises $ 11M in Series-A funding round
May 20, 2021
Funding led by Greenko founders, others
Skyroot Aerospace, a startup engaged in space launch vehicles, has raised $ 11 million in Series-A funding led by Greenko Group founders, Anil Chalamalasetty and Mahesh Kolli. The investment saw participation from publicly listed Solar Group (a major Space & Defence supplier), Former-Whatsapp CBO Neeraj Arora, existing investor Mukesh Bansal (founder of Myntra & CureFit), Worldquant Ventures, Graph Ventures, Sutton Capital, Vedanshu Investments and few angel investors.
Joining as Directors
Anil, Mahesh and Solar Group, will be joining Skyroot’s Board of Directors. Anil Chalamalasetty & Mahesh Kolli in a joint statement said: “We believe Skyroot is a strong emerging player in the global Space industry and we are excited to partner with them on their mission to democratize space access. Skyroot is building the infrastructure which will help develop new opportunities
[Funding alert] Spacetech startup Skyroot Aerospace raises $11M in Series A funding yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.