Skyroot adopts new script, asks investors to bid instead of pitching for funding: Report

Skyroot Aerospace has invited investors to bid for a stake in the company at a $2 billion valuation, up about 80% from its last funding round, Moneycontrol reported. Instead of a traditional fundraising process, the startup is evaluating investor bids before choosing partners. The move follows the successful launch of Vikram-1, India's first privately developed orbital launch vehicle.