Indian Skyroot Aerospace raises US $51 million

Indian space-tech startup Skyroot Aerospace, raised US $51 million during a Series-B funding round led by global investment firm, GIC, Skyroot said. To date, this is the largest funding round in the Indian private space-tech sector.

In addition to monetary investment, GIC India Direct Investment Group’s Managing Director, Mayank Rawat, will join Skyroot’s Board.