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Guess what's keeping Indian space startups busy during lockdown


Guess what s keeping Indian space startups busy during lockdown
​ Sun, May 23 2021 14:36 IST
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Chennai, May 23 : Young promoters of space startups are reaching for the skies.
They are raising funds, getting components manufactured overseas, designing rockets and satellites from home and gearing up to send their own rockets or rockets of others carrying their satellites into space.
They tell you that their earlier plans were affected by the Covid-19 lockdowns, but they hope their rockets and satellites would be set for lift-off in a year s time.
Two private rocket makers, Skyroot Aerospace and Agnikul Cosmos, recently announced raising $11 million each.
On the other hand, the Bengaluru-based satellite maker Syzygy Space Technologies Pvt Ltd, commonly known as Pixxel, had to postpone its first satellite launch slated early this year by an Indian Space Research Organisation (ISRO) rocket owing to a software glitch. ....

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Skyroot Aerospace raises $ 11M in Series-A funding round - The Hindu BusinessLine


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 ....

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