Skyroot Aerospace, a leading private space launch company based in Hyderabad, Telangana, India, has successfully raised $60 million in a funding round that values the company at $1.1 billion, making it a unicorn. The round was co-led by Sherpalo Ventures and GIC, a global institutional investor, with participation from existing investors including founders of Greenko Group and Arkam Ventures. This investment reflects strong confidence in Skyroot's potential to become a major player in the global space launch market. The new capital will facilitate a higher frequency of Vikram-1 launches and support the development of Vikram-2, a more advanced launch vehicle. The Vikram-1 rocket, which is set to launch in the coming weeks, is India's first privately developed orbital rocket and aims to provide dedicated access to space for satellite operators. Skyroot's technology includes innovative propulsion systems and a focus on rapid manufacturing, positioning it to democratize space access and make spaceflight as regular and affordable as air travel.