Swiggy cofounders pick up stake in India’s first space unicorn Skyroot

“Good and great investors are increasingly recognizing space technology as a major emerging sector in India. It holds strong sovereign and strategic importance for the country and offers significant potential for scale,” said Shashank Randev, founder and general partner at 247VC, an early-stage deeptech-focused venture capital investor. “Globally, spacetech companies have already gained substantial investor recognition, and in India, companies such as Skyroot Aerospace demonstrate the sector’s potential.”