Indian space tech start-up raises $51 million

Indian space tech start-up raises $51 millionIndian space tech start-up raises $51 million A four-year-old space tech startup company from India, Skyroot Aerospace, has raised $51 million in a Series-B financing round. This is by far the biggest funding round ever in the Indian space-tech sector. The funding round was led by GIC, a global investment firm headquartered in Singapore. Other participants such as ‘Myntra’ and ‘CultFit’ founder Mukesh Bansal, ‘Greenko Group’ founders, Anil Chalamalasetty and Mahesh Kolli, Google board member Ram Shriram’s ‘Sherpalo Ventures’, Solar Industries India Limited, Neeraj Arora (former WhatsApp Global Business Chief), Wami Capital, along with the existing investors participated in the funding round. Skyroot will use the funds to expand its space engineering

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