Skyroot Aerospace: India’s 1st Spacetech Unicorn in $60M Funding
Key Highlights
Skyroot Aerospace achieves unicorn status with a $60M funding round, becoming India’s first spacetech company. Read about the surge in Indian startup funding.
Skyroot Aerospace Achieves Unicorn Status in Landmark $60 Million Funding Round
In a significant development for India’s burgeoning space technology sector, Skyroot Aerospace has successfully raised $60 million in a funding round co-led by Sherpalo Ventures and GIC. This substantial investment propels the Hyderabad-based startup to a pre-money valuation of $1.1 billion, officially marking it as India’s first spacetech unicorn. The funding round underscores growing investor confidence in India’s capabilities within the advanced technology and aerospace domain.
The investment was further bolstered by participation from existing investors, including Greenko Group and Arkam Ventures, alongside contributions from prominent financial entities such as funds managed by BlackRock, Playbook Partners, and Shanghvi Family Office. This broad investor base signifies a strong validation of Skyroot Aerospace’s vision and technological prowess in developing indigenous launch vehicle systems.
Pronto Doubles Valuation to $200 Million with Extended Series B Funding
Home services startup Pronto has announced the successful extension of its Series B funding round, raising an additional $20 million. This brings the total capital raised in the round to $45 million and marks a significant doubling of the company’s valuation to $200 million within a short span of approximately one month. The latest funding was spearheaded by Lachy Groom, a notable investor known for his early backing of quick commerce startup Zepto and co-founder of AI robotics company Physical Intelligence.
The newly acquired capital is earmarked for strategic expansion initiatives. Pronto plans to strengthen its presence in existing operational cities and broaden its service offerings into new household categories. Recently, the company has begun piloting car washing and gardening services in select markets, alongside a test run of home-cook services in Bengaluru. This expansion strategy aims to solidify Pronto’s market position and cater to a wider range of consumer needs in the home services sector.
Blunav Secures $1 Million Seed Funding to Enhance Airport Operations Technology
Airport operations technology firm Blunav has successfully raised $1 million in Seed funding from Piper Serica. The company is developing a comprehensive cloud-based airport management platform designed to centralize operations, passenger systems, and commercial activities into a unified system. This funding will be instrumental in supporting Blunav’s growth trajectory, including expanding its engineering team, advancing its product development efforts, and scaling its deployments across both Indian and international markets.
Awfis Expands Co-working Footprint with Two New Centers in Chennai
Awfis Space Solutions Limited has announced a significant expansion of its co-working network with the launch of two new centers in Chennai. The first center, located at Olympia Crystal in Guindy, spans approximately 56,360 square feet across four floors. The second center, situated in DLF Cyber City, offers 57,802 square feet of chargeable area and is designated as an Awfis Gold center. These new facilities are designed with a focus on efficiency, functionality, and a consistent user experience, catering to the evolving needs of enterprises and professionals seeking flexible workspace solutions.
DecisionX Appoints Shantha Maheswari Sekhar as Strategic Advisor
DecisionX has appointed Shantha Maheswari Sekhar, a seasoned industry veteran with extensive experience from Accenture and EY, as its Strategic Advisor for Go-To-Market (GTM) and Industry Relations. With over three decades of leadership in driving complex business and technology transformations across various sectors, including consumer, healthcare, life sciences, financial services, and industrial markets, Sekhar will play a pivotal role in shaping DecisionX’s enterprise GTM strategy, fostering industry partnerships, and providing board-level insights as the company scales its operations.
PhysicsWallah and Vodafone Idea Launch India’s First Edtech-Enabled Telecom Offering
In a pioneering collaboration, PhysicsWallah (PW) and Vodafone Idea Limited (Vi) have launched ‘Vi Edu+’, India’s first prepaid telecom offering that integrates unlimited connectivity with access to premium EdTech content. This innovative product bundles Vi’s mobile connectivity with access to PhysicsWallah’s educational platform, Pi Pro. Initially rolled out in Rajasthan and Uttar Pradesh East, ‘Vi Edu+’ targets students preparing for board examinations and competitive entrance tests such as JEE, NEET, and UPSC. The partnership aims to enhance the accessibility of digital learning resources by combining essential connectivity with high-quality educational content.
Myntra Extends ‘M-Now’ Express Delivery Service to Chennai
E-commerce fashion giant Myntra has announced the expansion of its express delivery service, ‘M-Now’, to Chennai. This expansion provides Chennai customers with access to over 10,000 trend-first styles from more than 600 leading brands, delivered rapidly. Powered by a network of over 90 dark stores strategically located across M-Now’s serviceable pin codes, Myntra is reinforcing its delivery infrastructure and expanding its product assortment depth. M-Now is now operational in key metropolitan and non-metropolitan cities across India, offering a vast selection of over 100,000 SKUs from more than 1,000 brands.
InMobi Acquires MobileAction to Bolster AI-Driven App Marketing Capabilities
InMobi has announced the acquisition of MobileAction, an AI-powered app analytics platform, aimed at enhancing its capabilities in iOS app discovery and advertising. While the financial terms of the acquisition were not disclosed, MobileAction, based in San Francisco, specializes in Apple Ads and App Store Optimization, assisting developers and marketers in improving app visibility and user acquisition strategies. This acquisition is expected to strengthen InMobi Advertising’s ability to offer AI-powered optimization and organic growth solutions for brands operating within the iOS ecosystem. MobileAction will continue to operate independently, with its global teams integrating into the InMobi Group.
Tech Mahindra Partners with UKG to Deliver AI-Led Workforce Solutions
Tech Mahindra has entered into a strategic partnership with UKG, a leading provider of HR, payroll, and workforce management solutions. This collaboration is designed to help enterprises, particularly small and mid-sized businesses in North America, enhance workforce productivity and operational efficiency through AI-driven HR solutions. The partnership will initially focus on sectors such as IT, retail, manufacturing, and services. Tech Mahindra plans to leverage the UKG Workforce Operating Platform internally and expand its dedicated UKG services practice to support global customers with implementation, integration, and management services.
Atlassian Opens Teamwork Graph to Accelerate AI-Native Enterprise Development
Atlassian Corporation has announced the public opening of its Teamwork Graph platform at the Team ’26 conference. This initiative enables AI agents and applications to securely access, interpret, and act upon enterprise data across various tools and workflows. The move is positioned to support the growing trend of AI-native organizations where human employees increasingly collaborate with AI agents. The Teamwork Graph currently connects over 150 billion relationships between people, projects, code, goals, and content across Atlassian’s suite and integrated applications, aiming to enhance AI-powered teamwork and enterprise productivity.
Practo Accelerates AI Integration to Scale Healthcare Intelligence Platform
Practo is intensifying its AI-led transformation by developing an intelligence layer for large-scale healthcare decision-making. The company’s marketplace has surpassed $100 million in Gross Merchandise Value (GMV), driven by AI-powered systems that manage discovery, care navigation, and decision-making, particularly following its expansion into the United States. Practo reports managing over 20,000 AI-driven calls and chats daily to provide healthcare information and user guidance. The company is actively expanding its AI engineering team to build advanced systems for clinical intelligence, consultation support, and guided patient care, with the goal of creating a more connected and outcome-focused global healthcare ecosystem.