Greenko Group founders Anil Chalamalasetty and Mahesh Kolli led a $11 million Series A funding round for Skyroot Aerospace on Thursday.
Skyroot Aerospace is a company based in the United States.
Anil Chalamalasetty and Mahesh Kolli, co-founders of Greenko Group, announced on Thursday that the company has acquired USD 11 million in Series A funding from investors led by Greenko Group founders Anil Chalamalasetty and Mahesh Kolli.
Skyroot Aerospace is a company based in the United States.
Anil Chalamalasetty and Mahesh Kolli, co-founders of Greenko Group, announced on Thursday that the company has acquired USD 11 million in Series A funding from investors led by Greenko Group founders Anil Chalamalasetty and Mahesh Kolli.
According to a news release from the city-based firm, the fundraising included participation from Solar Group, a major Space and Defense supplier, former-Whatsapp CBO Neeraj Arora, current investor Mukesh Bansal (creator of Myntra and CureFit), Worldquant Ventures, Graph Ventures, Sutton Capital, Vedanshu Investments, and a few angels.
Skyroot’s Co-Founder and COO, Naga Bharath Daka, said the company has begun taking reservations for launches beginning in the middle of next year and is actively engaging global customers.
“Over the next five years, we plan to raise another USD 40 million to fund our aggressive expansion ambitions,” Daka stated.
According to the statement, this is the largest investment in the Indian Space Startup Scene to date, after the Indian cabinet’s approval of private sector participation in space activities.
Skyroot’s Co-Founder and CEO, Pawan Kumar Chandana, stated, “We are honoured to have the support of visionary entrepreneurs who have developed industry-leading firms and share our enthusiasm for democratising space access. We’re looking forward to collaborating with them to help Skyroot become a global leader in space.”
It was announced that Anil, Mahesh, and Solar Group would be joining Skyroot’s Board of Directors.
