Skyroot - About the company
Skyroot is a series B company based in Hyderabad (India), founded in 2018 by Pawan Kumar Chandana and Naga Bharath Daka. It operates as a Provider of affordable and reliable space launch services. Skyroot has raised $99.8M in funding from investors like Sherpalo Ventures, Temasek and GIC, with a current valuation of 鈧�4,330颁谤. The company has 107 active competitors, including 38 funded and 7 that have exited. Its top competitors include companies like Rocket Lab, Astra and AgniKul.
Company Details
Provider of affordable and reliable space launch services. This company offers on-demand access to space for small satellites, utilizing a series of launch vehicles designed for various payload capacities and orbital requirements. The focus is on making spaceflight more accessible and cost-effective for a wider range of clients. Development includes successful testing of key components, demonstrating technological advancements in propulsion systems. The company aims to simplify and streamline the process of launching payloads into orbit.
- Website
- Social
- Email ID
- @skyroot.in
Key Metrics
Founded Year
2018
Location
Hyderabad, India
Stage
Series B
Total Funding
in 8 rounds
Latest Funding Round
Post Money Valuation
as on Nov 02, 2023
Ranked
3rd among 107 active competitors
Annual Revenue
as on Mar 31, 2024
Employee Count
as on Jan 31, 2025
Similar Companies
Legal entities associated with Skyroot
Skyroot is associated with 1 legal entity given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Jun 11, 2018 | $3.51M (as on Mar 31, 2024) | 955 | 706 |
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Skyroot's funding and investors
Skyroot has raised a total funding of $99.8M over 8 rounds. Its first funding round was on Jul 23, 2018. Its latest funding round was a Series B round on Oct 30, 2023 for $27.5M. 3 investors participated in its latest round, which includes AUM Ventures, GIC, Solar Group and Vedanshu.
Skyroot has 20 institutional investors including Sherpalo Ventures, Temasek and GIC. GIC is the largest institutional investor in Skyroot. There are 8 Angel Investors in Skyroot.
Here is the list of recent funding rounds of Skyroot:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Oct 30, 2023 | $27.5M | Series B | 6251443 | 1228823 | |
Nov 22, 2022 | Undisclosed | Series B | 8384930 | 3363798 | |
Aug 29, 2022 | $51M | Series B | 7593890 | 7372980 | GIC, Mukesh Bansal, and |
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Skyroot's founders and board of directors
The founders of Skyroot are Pawan Kumar Chandana and Naga Bharath Daka. Pawan Kumar Chandana is the CEO of Skyroot.
View details of Skyroot's Founder profiles and Board Members
Skyroot's employee count trend
Skyroot has 277 employees as of Jan 25. The total employee count is 32.5% more than what it was in Jan 24. Here is Skyroot's employee count trend over the years:
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Top competitors of Skyroot include Rocket Lab, Astra and AgniKul. Here is the list of Top 10 competitors of Skyroot, ranked by 秘密研究所 score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | 秘密研究所 Score |
|---|---|---|---|---|---|
1st | Rocket Lab 2006, Long Beach (United States), Public | Provider of reusable launch vehicles for small payloads | $288M | Benson Family Private Equity, K1W1听&补尘辫;听 | 74/100 |
2nd |  Astra 2016, Alameda (United States), Series B | Provider of space-based solutions for mission launch services | $136M | Innovation Endeavors, Helios Capital听&补尘辫;听 | 72/100 |
3rd | Provider of affordable and reliable space launch services | $99.8M | AUM Ventures, GIC听&补尘辫;听 | 70/100 | |
4th | Provider of private aerospace manufacturer and commercial launch solutions | $42M | Airbus, MGA Ventures听&补尘辫;听 | 70/100 | |
5th |  Firefly Aerospace 2014, Cedar Park (United States), Series D | Provider of small and medium satellite launch vehicles, lunar landers, and orbital vehicles | $539M | , Woodside O'Brien听&补尘辫;听 | 69/100 |
6th |  Isar Aerospace Technologies 2018, Munich (Germany), Series C | Manufacturer of launch vehicles for small payloads | $420M | Besant Capital, Molten Ventures听&补尘辫;听 | 63/100 |
7th |  RFA - Rocket Factory 2018, Augsburg (Germany), Series C | Developer of satellite-based solutions for mission launch services | $32.9M | Kalodion, 听&补尘辫;听 | 60/100 |
8th | Deep Blue Aerospace 2016, Liaoyuan (China), Series B | Provider of reusable launch vehicles for large payloads | $102M | 54/100 | |
9th |  Interstellar 2013, Hiroo (Japan), Series F | Developer of rockets for small payloads | $122M | , 听&补尘辫;听 | 53/100 |
10th | Gilmour Space 2012, Gold Coast (Australia), Series D | Developer of launch vehicles for small payloads | $99.4M | Main Sequence, 听&补尘辫;听 | 52/100 |
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Skyroot's Latest cap tables and shareholding
Founders own 25.27%, Funds (largest shareholder) own 40.19%, Enterprises own 20.58% and Angels own 10.16%. The net worth of Skyroot's founders is INR 1,090Cr as of Nov 02, 2023.
Shareholders Name | Post Round Holding % | Net worth | Cumulative investment | Realised returns | Unrealised returns | Return multiple |
|---|---|---|---|---|---|---|
Founder | 25.27% | 1,090Cr | 5000589 | 8102823 | 6570305 | 8261225 |
9332865 | 4013265 | 4066387 | 5689788 | 3307038 | 8120941 | |
4512480 | 8688346 | 9399073 | 4934792 | 2240853 | 9654948 | |
Fund | 40.19% | 1,740Cr | 1240222 | 1511839 | 9190105 | 9828527 |
3467344 | 9648614 | 6013233 | 9758727 | 7313319 | 4798493 | |
19 | 39 | 88 | 63 | 96 | 43 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 20.58% | 890Cr | 5757517 | 6797868 | 7353730 | 9867785 |
Angel | 10.16% | 439Cr | 4475920 | 9249728 | 2167194 | 8992769 |
7218580 | 1803967 | 1492307 | 1466852 | 5724509 | 9774695 | |
ESOP Pool | 3.81% | 165Cr | 910 | 960 | 869 | 641 |
Total | 100.00% | 4,330Cr | 6787516 | 2722220 | 3308765 | 1779547 |
To unlock detailed Cap Table of Skyroot Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Skyroot's Shareholding
Skyroot's Investments and acquisitions
Skyroot has made no investments or acquisitions yet.
Reports related to Skyroot
Here is the latest report on Skyroot's sector:
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News related to Skyroot
Media has covered Skyroot for a total of 6 events in the last 1 year, 4 of them have been about company updates and 1 about partnerships.
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Asian News International鈥�Jan 21, 2025鈥�Skyroot,
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YourStory鈥�Oct 29, 2024鈥�Skyroot
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Techiexpert鈥�Apr 25, 2024鈥�Skyroot
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India Today鈥�Mar 28, 2024鈥�Skyroot
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Indiatimes鈥�Oct 25, 2023鈥�Skyroot
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Frequently asked questions about Skyroot
When was Skyroot founded?
Skyroot was founded in 2018.Where is Skyroot located?
Skyroot is located in Hyderabad, India.Is Skyroot a funded company?
Skyroot is a funded company, its first funding round was on Jul 23, 2018.When was the latest funding round of Skyroot?
Skyroot's latest funding round was on Oct 30, 2023.How much is Skyroot worth?
The latest valuation of Skyroot is 鈧�4,330颁谤 as on Nov 02, 2023.What is the annual revenue of Skyroot?
Annual revenue of Skyroot is 鈧�29颁谤 as on Mar 31, 2024.Our Lite Plan Awaits you - Its Free!
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