News Summary

• Skyroot Aerospace has raised $60 million in a new investment ahead of the maiden orbital launch of its Vikram-1 rocket in the coming weeks.
• The funding round valued the Hyderabad-based startup at $1.1 billion on a pre-money basis and included about $50 million in primary equity.
• The investment comes as Skyroot prepares for the first orbital launch attempt by an Indian private company.
• The startup is targeting a June launch after completing flight qualification tests and beginning integration and launch campaign activities.