Stories
Skyroot Nears $280M Funding from Fidelity, General Catalyst; Benchmark Eyes First India Bet
M
Moneycontrol•26-09-2026, 19:04
Skyroot Nears $280M Funding from Fidelity, General Catalyst; Benchmark Eyes First India Bet
- •Skyroot Aerospace is in advanced talks to raise $280-300 million from global investors Fidelity, General Catalyst, and Benchmark.
- •Benchmark's potential $20-30 million investment would mark its first direct entry into the Indian market, following its early backing of companies like Uber and Twitter.
- •The Hyderabad-based space tech startup is being valued at $2.8-3 billion in current negotiations, a significant increase from its $1.1 billion valuation just four months ago.
- •Fidelity is expected to contribute $170-190 million, while General Catalyst plans to invest $70-80 million in the round.
- •The successful July 18 launch of Vikram-1, India's first privately developed orbital launch vehicle, has been a key factor in attracting this significant investment.
Key Questions Answered
Skyroot Aerospace is in advanced negotiations to raise $280 million to $300 million at a valuation between $2.8 billion and $3 billion.
Benchmark is participating in the funding round with a $20 million to $30 million cheque, marking the storied Silicon Valley venture capital firm's first direct investment in an Indian company.
The successful July 18 launch of Vikram-1, India's first privately developed orbital launch vehicle, served as a watershed moment that validated Skyroot's technology and significantly boosted its valuation.
