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Skyroot Aerospace raises $11 million, intends to raise $40 million in 3 years

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. ....

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Hyd startup Skyroot raises $11 Mn Series A funding; Looks at $ 40 Mn more

Hyd startup Skyroot raises $11 Mn Series A funding; Looks at $ 40 Mn more
Hyderabad, May 20: Skyroot Aerospace, whichis into building privatespace launch vehicles,on Thursday said it raised USD 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.
Naga Bharath Daka, Co-Founder and COO of Skyroot, said the firm started bookings for launches starting from mid next year and is actively engaging global customers. ....

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Skyroot Aerospace raises $11 million, intends to raise $40 million in 3 years

Skyroot Aerospace raises $11 million, intends to raise $40 million in 3 years
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