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Skyroot raises $4.5 million led by early Google investor Ram Shriram

January 27, 2022 / 04:27 PM IST
Representative Image (Source: ShutterStock)

Representative Image (Source: ShutterStock)

Space startup Skyroot Aerospace, which is building private space launch vehicles in India, on Thursday announced raising $4.5 million in a bridge round to Series-B led by early Google investor Ram Shriram through his venture capital firm Sherpalo Ventures.

The bridge round is co-led by Wami Capital, Ex-WhatsApp CBO Neeraj Arora, and former Google executive Amit Singhal.

This takes the total funds raised by the Hyderabad headquartered aerospace startup to $17 million, which is considered the largest by an Indian space startup to date.

The company, the first Indian private entity to test-fire multiple rocket propulsion systems, had earlier in 2021 raised $11 million in Series-A round led by Greenko founders, while $1.5 million of seed round was funded by Myntra and CureFit founder Mukesh Bansal.