Indian Startup Funding Hits Six-Year Low in May
Indian startup funding fell 27% month-on-month to $630 million in May 2026, the lowest monthly total in six years, with Rapido's $240 million Series F accounting for nearly 38% of all capital raised.
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skyroot-aerospace
Skyroot Aerospace Raises $60M, Hits $1.1B Valuation
Skyroot Aerospace has raised $60 million co-led by Sherpalo Ventures and GIC, reaching a $1.1 billion valuation to become India's first spacetech unicorn. The Hyderabad-based startup will use the funds to launch Vikram-1, India's first private orbital rocket designed to deploy small satellites.
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skyroot-aerospace
Indian startup funding plummets to $630 Mn in May despite Rapido's $240 Mn round
Indian startup funding fell 27% month-on-month to $630 million in May 2026, the lowest monthly total in six years, with Rapido's $240 million Series F accounting for nearly 38% of all capital raised.
24d ago · 4 min · Business
Skyroot Aerospace raises $60M, becomes first spacetech unicorn from India
Skyroot Aerospace has raised $60 million co-led by Sherpalo Ventures and GIC, reaching a $1.1 billion valuation to become India's first spacetech unicorn. The Hyderabad-based startup will use the funds to launch Vikram-1, India's first private orbital rocket designed to deploy small satellites.
1mo ago · 2 min · Technology
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