Skyroot Aerospace has raised Rs 100 crore (around $10.75 million) in a debt round from BlackRock. This is the first debt investment for the Hyderabad-based company in 2026.
Skyroot Aerospace’s board has issued 100 non-convertible debentures (NCDs) at a face value of Rs 1 crore each to raise Rs 100 crore, according to its filing with the Registrar of Companies (RoC).
The proceeds will be used towards issue-related expenses, working capital requirements, including operational costs, acquisition of fixed assets, and other general corporate purposes.
Founded in 2018 by former ISRO scientists Pawan Kumar Chandana and Naga Bharath Daka, Skyroot Aerospace builds small and medium-lift launch vehicles for the global satellite market. The company is working on its Vikram series of rockets, including Vikram-I and Vikram-II, aimed at providing on-demand, cost-effective and flexible satellite launch services.
It also became the first private Indian company to launch a rocket into space with its Vikram-S mission in 2022.
In October 2023, the company raised Rs 225 crore (around $27 million) in a pre-Series C round led by Temasek. As per the media reports, the Hyderabad-based spacetech startup is in talks to raise $150–200 million (approximately Rs 1,800 crore) to support its next phase of growth. The round is likely to value the company at around $1 billion.
Skyroot Aerospace remained in the pre-revenue stage by the end of FY25 (March 2025). However, its losses widened to Rs 99.70 crore during the year, due to continued investments in research and development.
The post Skyroot Aerospace Funding News: ₹100 Cr Debt Deal with BlackRock appeared first on The India Bizz Startup News Website.
The post Skyroot Aerospace Funding News: ₹100 Cr Debt Deal with BlackRock appeared first on The India Bizz Startup News Website.
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