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India s space ambition is temporarily thrown off schedule by Covid-19
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Indian spacetech sector raises $22 million
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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
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Skyroot Aerospace raises $11 million, intends to raise $40 million in 3 years We intend to raise $40 million more to fund our aggressive growth plans over the next few years, Naga Bharath Daka, Co-Founder and COO of Skyroot, said
PTI | May 20, 2021 | Updated 12:59 IST
Skyroot Aerospace, which is into building privatespace launch vehicles, on Thursday said it raised $11 million Series A funding from investors led by Greenko Group founders Anil Chalamalasetty and Mahesh Kolli.
According to a press release issued by the city-based startup, the funding also saw participation from public listed entity Solar Group, a major Space and Defence supplier, Former-Whatsapp CBO Neeraj Arora, existing investor Mukesh Bansal (founder of Myntra and CureFit), Worldquant Ventures, Graph Ventures, Sutton Capital, Vedanshu Investments, and few angels.