Spacetech startup Skyroot Aerospace bags $27.5M in funding round

Skyroot Aerospace, which launched India's first private rocket in 2022, has secured an additional $27.5 million in a funding round led by Singapore government-owned VC, Temasek. The company intends to use the funds to advance its next growth phase by boosting infrastructure, strengthening its technology leadership, attracting top-tier talent, and improving its launch frequency and capabilities.