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Hello reader,
Houston, we have a unicorn. Specifically, India’s first spacetech unicorn.
Okay, before we get carried away (get it?) and go full sci-fi here, let’s talk numbers.
Skyroot Aerospace has raised US$60 million, pushing its valuation to US$1.1 billion. The firm is preparing to launch Vikram-1, India’s first private orbital rocket, which admittedly sounds like something that should come with dramatic music.
But the more interesting bit here is closer to Earth. Space is no longer just government territory – it’s becoming investable.
Let’s hope this one reaches orbit.
You can find all other important investment deals from the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals that have recently taken place.
— Lilian
The biggest deals by country
🇰🇷 Upstage boosts work efficiency with industry-leading document processing engines and large language models. The South Korean startup has raised US$380.6 million from KDB Bank, Mirae Asset Financial Group, SK Networks, Sazze Partners, Woori Venture Partners, and the National Growth Fund.
🇨🇳 RoboScience (机科未来科技) has bagged US$143 million in series A funding. Headquartered in China, the company develops humanoid robots.
🇮🇳 Skyroot Aerospace is developing privately built space launch vehicles. The Indian firm has secured US$60 million from Arkam Ventures, GIC, MABS, Playbook Partners, and Sherpalo Ventures.
Startups that are raising funds
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