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Space tech startup Skyroot plans to raise $40 mn; double workforce to 180 next year

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 Di...

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 liste...