Hyd-based Skyroot Aerospace raises $11 million in Series A funding

Hyderabad's spacetech startup Skyroot Aerospace has raised $11 million in Series A funding round led by Greenko Group founders Anil Kumar Chalamalasetty and Mahesh Kolli. Other investors such as ex-WhatsApp CBO Neeraj Arora, Myntra and Cult.fit Co-founder Mukesh Bansal also participated in the round. Founded by ex-ISRO scientists, Skyroot plans to launch flagship vehicle Vikram-I by mid-2022.