Skyroot negotiates a large round with global investors
Article image: Moneycontrol.comLeft to right: Naga Bharath Daka (Co-founder & COO at Skyroot Aerospace); Pawan Kumar Chandana (Co-founder & CEO at Skyroot Aerospace).Moneycontrol reports that launch-vehicle developer Skyroot Aerospace is in advanced funding talks with Fidelity, General Catalyst and Benchmark. Its sources describe a potential $280 million to $300 million round and a negotiated valuation range of $2.8 billion to $3 billion. The report says the final terms could change, so these are proposed figures rather than completed funding.
DTT summary based on Moneycontrol.com's report. The full article is on the publisher's site.
Round details
Develops launch vehicles for the commercial satellite market.
- Negotiated valuation range: $2.8-3B; terms may change.
- Named investors are in reported negotiations, not confirmed closed-round commitments.
- Proposed raise: $280-300M
- Valuation: $2.8-3B (proposed)
- Reported participants: Fidelity, General Catalyst, Benchmark
- HQ: Hyderabad