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Roswyn debuts in Mumbai as Ennismore’s first Morgans Originals Hotel in India

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Roswyn has officially launched in Mumbai, marking the debut of Morgans Originals in India under Ennismore. Known globally for distinctive design concepts and individually curated hotel identities, Morgans Originals enters the Indian hospitality market with a lifestyle-driven property rooted in Mumbai’s urban culture and evolving travel preferences.

Developed as a hospitality concept inspired by the rhythm of real city life, Roswyn combines large-format luxury suites, destination dining venues, wellness experiences, and collaborative social spaces designed for both short and extended stays. The property sits adjacent to Chhatrapati Shivaji Maharaj International Airport, offering convenient access to business districts, cultural landmarks, and key commercial hubs across Mumbai.

The hotel features 109 suites starting from 80 square meters, designed to function as modern living spaces for travelers seeking comfort, flexibility, and longer stays. Each suite includes lounge areas, kitchenettes, home bars, and dedicated study spaces that cater to both business and leisure guests.

“Mumbai moves quickly,” says Nitan Chhatwal, Managing Director of Shrem Airport Hotels. “But people still look for places where they can slow down, meet, and spend time together. With Roswyn, we wanted to create something that feels easy to return to—whether that’s for dinner, conversations, or simply a pause in the day.”

Paris-based designer Daphné Desjeux designed the interiors of Roswyn by drawing inspiration from Mumbai’s cultural identity and coastal character. The design incorporates embroidered portraits, ceramic plates marked with “Bombay,” and shoreline-inspired photography to create a strong local connection while maintaining an international luxury hospitality aesthetic.

Dining and nightlife experiences also form a central part of the Roswyn hospitality concept. Additionally, the property houses Fi’lia, its signature Italian restaurant, which serves Neapolitan-style pizzas, hand-rolled pastas, and seasonal menus inspired by traditional family recipes and modern culinary techniques.

Additionally, the hotel introduces Black Lacquer, a Japanese listening bar built around vinyl music culture. The venue transitions from an intimate low-lit conversational setting during the day to a more energetic nightlife atmosphere in the evening. The drinks menu includes sake, shochu, highballs, and house-crafted signature beverages.

Roswyn also features The Third Room, a social workspace designed for meetings, networking, informal collaborations, and flexible work sessions, reflecting the growing demand for hybrid hospitality and work-friendly travel experiences.

For wellness and recreation, the property includes a Technogym-powered fitness center, infinity pool, Tiny Town children’s zone, and Blu Xone, a longevity-focused wellness concept introduced as a first-of-its-kind offering in India’s hospitality sector.

Speaking on Ennismore’s India expansion strategy, Louis Abboud, Chief Growth Officer, Ennismore, said, “Lifestyle hospitality today is about far more than design-led hotels; it’s about creating culturally relevant destinations that become part of a city’s everyday rhythm. India is one of the most dynamic hospitality markets globally and an important focus for Ennismore’s growth. Roswyn, under Morgans Originals, marks our first hotel in the country and an important step as we look to bring several more distinctive projects to the market in the years ahead.”

Ranju Alex, CEO, Accor South Asia, added, “At Accor, we see hospitality as an ever-evolving reflection of how people live, connect, and experience cities today. The opening of Roswyn, as part of Ennismore brands, marks an important milestone in bringing globally relevant, lifestyle-led hospitality to India. With Roswyn, we are not just introducing a new hotel but also a vibrant destination designed to integrate seamlessly into the cultural fabric of the city. This launch underscores our commitment to expanding our lifestyle portfolio in India, in partnership with Ennismore, and delivering distinctive experiences that resonate with the modern traveler.”

The hotel leadership team includes Rajiv Kapoor, General Manager of Fairmont Mumbai and Roswyn, alongside Annam Lubana, Hotel Manager, who oversees operations with a focus on intuitive hospitality, thoughtful guest experiences, and cohesive service standards.

As Rajiv Kapoor explained, “Mumbai doesn’t need more overt luxury. It needs places that understand how people actually want to experience the city and respond to that without getting in the way.”

The launch of Roswyn signals a major milestone in India’s evolving lifestyle hospitality market. By combining luxury suites, immersive dining, wellness innovation, and culturally inspired design, Ennismore and Accor aim to redefine modern urban hospitality experiences for India’s next generation of travelers.

Hotel Palacio expands in Guwahati with new property and ₹800-Cr growth plan

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Hotel Palacio has announced the launch of its second property in Guwahati at Paltan Bazar, further strengthening the company’s presence in Northeast India’s growing hospitality sector. With the latest addition, the brand now operates three properties overall, including two hotels in Guwahati and one in Alipurduar.

Simultaneously, Palacio Hospitality unveiled an ambitious ₹800 crore expansion roadmap that includes plans to develop 10 hospitality properties over the next decade. The company primarily plans to focus on the Northeast region while also exploring opportunities across key hospitality markets in India.

Speaking about the expansion, Anup Poddar, Chairman, Poddar Group, said, “Hotel Palacio is a brand that has been built in Assam, and that is something we take great pride in.” He further added, “Guwahati has played a central role in our journey so far, and expanding within the city was a natural next step.”

The company also highlighted its long-term expansion strategy focused on sustainable and diversified growth. Ankit Poddar, Managing Director & COO, Poddar Group, said, “Our ₹800 crore expansion roadmap reflects a long-term, disciplined approach to growth.” Additionally, he explained that the group plans to expand through a combination of owned assets, hotel management agreements, and lease-based operating models.

As part of its broader hospitality expansion strategy, the company is also developing Hyatt Regency Gangtok, which will further diversify its hospitality portfolio across multiple travel and tourism segments.

The newly launched Paltan Bazar property has been designed to serve business travelers, event organizers, and leisure guests. The hotel features 83 rooms across multiple categories, more than 6,000 square feet of indoor banquet space, a 7,000 square foot rooftop venue, and dedicated conference rooms and boardroom facilities. Consequently, the property positions itself as a destination for corporate events, weddings, social gatherings, and large-format hospitality experiences.

In line with the company’s focus on experience-led hospitality, the hotel also introduces Omara, its signature restaurant developed in collaboration with Vicky Ratnani. Furthermore, the property will feature Guwahati’s first cocktail bar-cum-listening room, reflecting the growing consumer preference for immersive dining and nightlife experiences in emerging urban markets.

The expansion comes as India’s hospitality industry increasingly witnesses growth from emerging cities and regional tourism hubs. Improved infrastructure, rising disposable incomes, business travel demand, and expanding tourism circuits continue driving hospitality investments across Northeast India. As a key gateway to the region, Guwahati has seen growing demand across corporate, transit, leisure, and event-based travel segments.

Hotel Palacio’s latest expansion and ₹800 crore investment roadmap underline the growing importance of Northeast India in the country’s hospitality and tourism landscape. By combining premium accommodations, experiential dining, event infrastructure, and strategic expansion, the company aims to strengthen its position in India’s evolving hospitality market.

Hero Realty raises ₹1,200-Cr to accelerate real estate growth plans

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Hero Realty, the real estate arm of Hero Enterprise, has secured a ₹1,200 crore debt facility from IndusInd Bank to support its expansion and growth strategy across key Indian real estate markets.

Rezonance Consultants facilitated the transaction, strengthening Hero Realty’s financial position as the company accelerates residential and mixed-use developments across North India.

Recently, Hero Realty launched its premium residential project, The Palatial by Hero Homes, located along the rapidly developing Dwarka Expressway corridor. Spread across nearly 11 acres, the project offers more than 680 residential units designed for modern urban living.

Additionally, the company partnered with Panasonic Electric Works India to develop AI-enabled smart residences equipped with advanced indoor air purification technologies. The collaboration reflects the growing demand for smart homes, sustainable housing solutions, and technology-integrated residential developments in India’s premium real estate segment.

Hero Realty currently has more than six million square feet of real estate under development across the National Capital Region (NCR), Punjab, Uttarakhand, and Uttar Pradesh. The company continues expanding its footprint in high-growth residential markets amid increasing demand for luxury housing, smart homes, and integrated township projects.

The fresh funding is expected to help Hero Realty strengthen project execution, accelerate construction timelines, and support future land acquisitions and expansion opportunities. Furthermore, the debt facility highlights continued investor and banking confidence in India’s residential real estate market, particularly in rapidly growing urban corridors such as Gurugram and NCR.

The development also comes at a time when India’s real estate sector continues witnessing rising demand for premium housing projects driven by urbanisation, infrastructure growth, and increasing consumer preference for tech-enabled living spaces.

Hero Realty’s ₹1,200 crore funding deal with IndusInd Bank marks a significant milestone in the company’s growth journey. By focusing on AI-powered residential projects, large-scale urban developments, and strategic expansion across key markets, the company aims to strengthen its position in India’s evolving real estate and smart housing sector.

Essentia Hotels launches luxury hotel & convention centre in Nagpur

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Essentia Hotels & Resorts has announced the opening of Essentia Luxury Hotel & Convention, marking the brand’s entry into one of Central India’s fastest-growing urban markets. Located in Khairy, the new property aims to cater to business travelers, MICE groups, wedding guests, and leisure tourists.

The hotel offers convenient connectivity to Dr. Babasaheb Ambedkar International Airport and Nagpur Junction Railway Station. Additionally, the property is located near major city landmarks such as Zero Mile Stone, Deekshabhoomi, Futala Lake, Ambazari Lake, and Sitabuldi Fort.

The launch comes as Nagpur continues strengthening its position as a major commercial, logistics, and business hub, increasing demand for organized hospitality services, convention centers, and large-scale event infrastructure. The property features 81 rooms, including seven premium rooms and one presidential suite. Furthermore, the hotel combines contemporary interiors with functional layouts to meet the needs of both corporate and leisure travelers.

A major highlight of the property is its convention and banqueting infrastructure, which spans more than 41,000 square feet. The hotel houses a dedicated convention center along with multiple conference rooms and boardroom venues, positioning it as a preferred destination for corporate events, weddings, exhibitions, and social gatherings.

The property also features event venues such as the Grand Ballroom, Orion Lawn, and Carnival meeting room, designed to host gatherings of various sizes. As destination weddings and MICE tourism continue expanding across tier-two Indian cities, the hotel is expected to strengthen Nagpur’s growing hospitality and events ecosystem.

The hotel further offers multiple dining and recreational facilities. Its all-day dining restaurant, Citron, serves a mix of international and regional cuisine prepared using seasonal ingredients. Additionally, the restaurant includes a private dining area designed for intimate gatherings and business meetings.

Meanwhile, Nirvana Lounge Bar offers beverages and curated small plates in a relaxed environment for both hotel guests and local visitors.

For wellness and recreation, the property includes a swimming pool and a fully equipped fitness center, supporting the growing demand for integrated hospitality experiences that combine accommodation, dining, recreation, and events within a single destination.

Commenting on the launch, Mohammed Parvez, CEO of Essentia Hotels & Resorts said the opening represents an important milestone in the company’s expansion strategy.

“Nagpur marks a meaningful step in our journey, and this launch reflects our belief in the potential of emerging cities shaping India’s future. Our focus has been on developing destinations that cater to business, leisure, weddings, and MICE while delivering operational strength,” he said.

He further emphasized that the company sees strong long-term growth opportunities in emerging cities such as Nagpur, which continue evolving into important commercial, logistical, and cultural centers.

The launch also reflects a broader transformation within India’s hospitality industry, where hotel brands increasingly expand beyond metropolitan cities to capture rising demand in regional urban markets. With improving infrastructure, growing business activity, and increasing domestic travel, Nagpur continues attracting significant investments across the hotel, tourism, and events sectors.

The opening of Essentia Luxury Hotel & Convention highlights the rising importance of tier-two cities in India’s hospitality growth story. By combining luxury accommodation, large-scale event infrastructure, wellness facilities, and business travel amenities, the property aims to strengthen Nagpur’s position as a key destination for MICE tourism, weddings, and premium hospitality experiences.

Nvidia-backed CoreWeave reports strong quarterly revenue amid AI boom

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BRL Editor
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CoreWeave surpassed analysts’ estimates for quarterly revenue as the specialised cloud computing provider benefited from soaring demand for high-performance computing infrastructure used to train and deploy artificial intelligence models.

Despite the strong earnings performance, the company’s shares remained largely flat in volatile extended trading after investors reacted to a sharp increase in operating expenses.

Demand for AI cloud infrastructure services from so-called “neocloud” providers such as CoreWeave and its peer Nebius has accelerated significantly as businesses race to secure computing power for generative AI models, machine learning systems, and enterprise AI applications.

CoreWeave reported total first-quarter revenue of $2.08 billion, exceeding analysts’ average estimate of $1.97 billion, according to data compiled by LSEG. However, the company’s operating expenses more than doubled year-on-year to $2.22 billion during the quarter.

The AI infrastructure business remains highly capital-intensive, and CoreWeave continues investing aggressively in expanding its data centre capacity to meet growing customer demand. The company’s expansion strategy requires billions of dollars in upfront infrastructure investments, particularly in advanced GPUs, AI servers, and cloud computing facilities.

A major competitive advantage for CoreWeave comes from its specialised AI infrastructure and close partnership with Nvidia, which provides the company with early and large-scale access to some of the world’s most sought-after AI chips and hardware technologies. Consequently, CoreWeave has become a preferred cloud provider for AI startups as well as enterprise customers seeking alternatives to capacity-constrained traditional cloud providers.

The company has recently secured several high-profile deals that further strengthen its position in the rapidly expanding AI cloud computing market. Over the past month, CoreWeave signed an expanded $21 billion agreement with Meta for additional cloud computing capacity. Additionally, the company entered into a $6 billion deal with trading firm Jane Street and secured another partnership agreement with Anthropic.

CoreWeave also reported a substantial increase in its revenue backlog, which reached $99.4 billion as of March 31, compared with $66.8 billion at the end of December. The expanding backlog highlights the growing global demand for AI infrastructure, cloud GPU services, and large-scale computing capacity required for next-generation artificial intelligence development.

CoreWeave’s latest financial results underscore the explosive growth in the AI infrastructure market as enterprises and AI developers continue investing heavily in cloud computing and high-performance AI systems. While rising operating costs reflect the capital-intensive nature of the business, CoreWeave’s expanding customer base, strategic partnerships, and massive revenue backlog position the company as a major player in the global AI cloud ecosystem.

Cloudflare lays off 20% workforce to expand AI-driven operations

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Michelle Zatlyn & Matthew Prince Co-founders, Cloudfare

Cloudflare announced that it will reduce nearly 20% of its global workforce, affecting more than 1,100 employees, as the company restructures operations to increase the use of artificial intelligence tools across its business functions.

The company linked the layoffs to what it described as an “agentic AI-first operating model” rather than employee performance or short-term cost-cutting measures. According to sources, co-founders and chief executives Matthew Prince and Michelle Zatlyn shared the announcement with employees through an internal message.

Cloudflare employed 5,156 full-time workers at the end of 2025, based on company filings. Additionally, the company expects to incur restructuring charges ranging between $140 million and $150 million, with most expenses expected during the second quarter of 2026.

In a company blog post, Prince and Zatlyn revealed that Cloudflare increased its internal use of AI tools by more than sixfold during the past three months. “The way we work at Cloudflare has fundamentally changed,” the executives wrote, adding that employees across departments already use “thousands of AI agent sessions each day.”

The leadership team stated that Cloudflare is now “reimagining every team and function” for what it called the “agentic AI era,” where AI systems increasingly handle software development, operations, finance, customer support, and internal workflows. Furthermore, the company clarified that the restructuring reflects a redesign of processes and operational roles rather than concerns related to productivity or immediate financial challenges.

Cloudflare also said the restructuring aims to help the organisation adapt to faster AI-assisted execution, automation, and accelerated product development cycles. According to The Wall Street Journal, the company rapidly expanded AI adoption internally in recent months, prompting major operational shifts across multiple departments.

The layoffs come despite strong financial performance from the company. For the first quarter, Cloudflare reported a 34% year-on-year increase in revenue, reaching $639.8 million. Meanwhile, adjusted earnings stood at 25 cents per share, exceeding Wall Street expectations. However, the company’s shares declined in extended trading after it issued second-quarter revenue guidance slightly below market forecasts. Cloudflare projected second-quarter revenue between $664 million and $665 million.

Prince described artificial intelligence as “a fundamental re-platforming of the Internet” and emphasized that the AI transition represents one of the biggest growth opportunities in the company’s history.

Cloudflare now joins a growing list of technology companies reshaping their workforce structures around artificial intelligence, automation, machine learning, and AI-powered software development. As enterprises increasingly integrate generative AI and intelligent automation into daily operations, many tech firms continue redesigning teams and workflows to align with the rapidly evolving AI economy.

Cloudflare’s workforce reduction signals the accelerating shift toward AI-driven business models across the global technology industry. While the company continues delivering strong financial growth, its restructuring highlights how artificial intelligence is transforming operational strategies, workforce planning, and the future of enterprise software development.

Chinese AI startup Moonshot AI raises $2 Billion, valuation crosses $20 Billion

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Yang Zhilin, Founder, Moonshot AI

Moonshot AI has raised nearly $2 billion in its latest funding round, highlighting the rising investor interest in Chinese artificial intelligence startups competing with Silicon Valley leaders such as OpenAI and Anthropic.

The venture investment arm of Meituan led the funding round, pushing Moonshot AI’s valuation to more than $20 billion, according to a statement released by financial advisor HF Capital, which advised several investors involved in the transaction. Additionally, the company reported that its annual recurring revenue crossed $200 million in April, driven primarily by subscriptions to its Kimi chatbot and AI model services.

A spokesperson for Moonshot AI did not respond to requests for comment. However, a representative from Meituan’s Long-Z Investments confirmed the firm’s participation in the round.

The latest investment demonstrates the rapid growth of Moonshot AI, which has increased its valuation more than fourfold within just a few months. Toward the end of last year, the Beijing-based startup raised $500 million at a valuation of $4.3 billion. Earlier this year, the company secured another $700 million at a $10 billion valuation. Subsequently, it was reported that the startup sought an additional $1 billion in funding through an expanded fundraising round.

Investors have increasingly directed capital toward a select group of Chinese AI startups that aim to compete globally in generative AI, large language models, AI chatbots, and enterprise AI services. Meanwhile, DeepSeek has reportedly begun raising external capital for the first time, attracting strong interest from state-backed investors at a potential valuation of up to $50 billion.

At the same time, Moonshot AI’s competitors, including MiniMax and Zhipu AI, have achieved valuations exceeding $30 billion following their strong market debuts in Hong Kong earlier this year. The developments reflect the accelerating momentum in China’s artificial intelligence ecosystem as companies race to develop globally competitive AI technologies.

Moonshot AI founder Yang Zhilin established the company after working at Meta Platforms and Google. The startup currently offers tiered subscription plans for its Kimi chatbot while also providing AI infrastructure and underlying model technology to enterprise customers.

As investor confidence in generative AI, enterprise AI solutions, and large language models continues to rise, Moonshot AI is rapidly emerging as a significant challenger to major Western AI companies in the global technology landscape.

Sayaji Hotels launches The Forest Chapter in Sasan Gir to boost experiential hospitality

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Sayaji Hotels has expanded its presence in experiential hospitality with the launch of The Forest Chapter by Sayaji, a boutique retreat located in the wilderness of Sasan Gir. The company designed the property as an immersive nature-led forest staycation and also introduced The Forest Chapter as its new sub-brand focused on curated stays across India’s pristine natural destinations.

Located near Gir National Park, the resort aims to offer travelers a tranquil getaway that combines luxury hospitality with nature-inspired experiences. Additionally, the property encourages guests to reconnect with the natural environment through thoughtfully designed spaces, locally immersive activities, and intuitive hospitality services. Guests can also explore the region’s biodiversity, culture, and wildlife through curated experiences and jungle safari activities.

The resort features 25 cottages and villas, including Premium Cottages, Superior Cottages, and Suite Villas. The property combines rustic aesthetics with modern comfort through spacious interiors, earthy décor, and serene surroundings, creating a premium forest stay experience for travelers seeking relaxation and exploration.

The retreat also focuses on immersive culinary offerings. Its signature dining venue, Ember & Leaf, serves multi-cuisine dishes inspired by local flavors and global cooking techniques. Furthermore, the rooftop café concept allows guests to enjoy open-air dining experiences amidst the natural surroundings. Beyond accommodation and dining, the property includes curated outdoor spaces and landscaped lawns designed for intimate gatherings, celebrations, and bespoke events.

Speaking about the launch, Rajendra Joshi, Associate General Manager, Sayaji Hotels, said, “With the introduction of The Forest Chapter, we are proud to unveil a new hospitality vertical that reflects the evolving preferences of today’s traveler—one that seeks deeper connections with nature, authenticity, and immersive experiences like jungle safaris. This launch marks a significant milestone for Sayaji Hotels as we expand beyond our established portfolio into thoughtfully curated, destination-led retreats. Sasan Gir, with its rich biodiversity and untamed beauty, is the perfect beginning to this journey.”

Adding to this, Manish Boghra, Managing Director, The Forest Chapter by Sayaji, Sasan Gir, said, “It is an honor to bring The Forest Chapter to Sasan Gir, a destination that holds immense natural and cultural significance. Our vision was to create a retreat that not only complements its surroundings but also elevates the overall hospitality offering in the region. With Sasan Gir offering year-round safari experiences, unlike many wildlife destinations that remain closed during the monsoon, guests have the unique opportunity to explore the wilderness across seasons. We believe this property will offer a distinctive blend of comfort, authenticity, and meaningful experiences like jungle safaris, setting a new benchmark for nature-led stays in the region.”

Strategically positioned near Rajkot International Airport and Junagadh Railway Station, the retreat offers convenient accessibility while maintaining a secluded forest atmosphere for travelers. With this launch, Sayaji Hotels continues diversifying its hospitality portfolio by combining its legacy of guest service with the growing demand for experiential travel, luxury ecotourism, wildlife tourism, and nature-based staycations.

The launch of The Forest Chapter by Sayaji in Sasan Gir marks a significant step in India’s experiential hospitality and ecotourism landscape. By blending luxury accommodation, immersive wildlife experiences, and destination-led travel, Sayaji Hotels aims to establish a strong presence in the growing market for nature-inspired hospitality retreats across India.

Fintech startup Freo acquires IndiaLends to expand digital lending and financial services

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Freo has acquired digital lending marketplace IndiaLends in a strategic move that gives Freo full ownership of the company and significantly expands its fintech ecosystem.

The acquisition combines Freo’s financial product suite and regulatory licences with IndiaLends’ extensive lending marketplace and distribution network. As a result, the merged entity will serve more than 50 million users across India’s rapidly growing digital financial services sector.

Founded by IIT-ISB alumni, Freo offers a range of products spanning payments, credit, insurance, and investments. The company currently operates with multiple regulatory approvals, including a TPAP licence for UPI services, an NBFC licence, and an insurance corporate agent licence. Consequently, the acquisition strengthens Freo’s position in India’s competitive fintech market while expanding its reach in digital lending, embedded finance, and consumer credit solutions.

Meanwhile, IndiaLends, founded by Gaurav Chopra, operates a digital marketplace for loans and credit cards. The platform has integrations with more than 80 banks, NBFCs, and financial institutions, enabling users to access multiple lending and financial products through a single interface. Previously, IndiaLends had raised $5.1 million in a funding round led by existing investors ACP Partners and DSG Consumer Partners.

The combined entity now plans to focus on AI-led workflows, customer analytics, underwriting technologies, and integrated financial product offerings as it scales operations across India. Additionally, the merger is expected to improve operating efficiency, strengthen product execution, and enhance customer acquisition capabilities over the coming months.

Freo also revealed that the merged company is preparing for a large capital raise to support its next phase of growth and expansion in the Indian fintech ecosystem. The planned fundraising effort could further accelerate investments in artificial intelligence, digital lending infrastructure, fintech innovation, and customer-focused financial services.

Earlier, in February 2024, Freo had secured an undisclosed amount in a debt funding round from SIDBI, further strengthening its financial position ahead of the acquisition.

Freo’s acquisition of IndiaLends marks a significant consolidation move in India’s fintech and digital lending industry. By combining technology, regulatory capabilities, lending partnerships, and AI-driven financial services, the merged platform aims to strengthen its leadership position in India’s rapidly evolving digital finance market.

India’s space-tech unicorn Skyroot Aerospace raises $60 Mn ahead of Vikram-1 launch

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Naga Bharath Daka (L) and Pawan Kumar Chandana (R), co-founders, Skyroot Aerospace

Hyderabad-based Skyroot Aerospace has raised $60 million (approximately Rs 570 crore) in a fresh funding round led by existing investors alongside several new backers. The investment round included participation from Sherpalo, Singapore’s sovereign wealth fund GIC, BlackRock, the founders of renewable energy company Greenko Group, Arkam Ventures, Playbook Partners, Shanghvi Family Office, and other investors, the company announced on May 7.

Notably, the founders of Greenko Group, Playbook Partners, and Shanghvi Family Office joined the company as new investors. Meanwhile, Sherpalo, GIC, BlackRock, and Arkam Ventures strengthened their existing commitments to the Hyderabad-based private space launch company. Furthermore, Sherpalo and GIC co-led the funding round.

Following the latest investment, Skyroot Aerospace achieved a valuation of $1.1 billion, significantly increasing from nearly $550 million in 2023. Consequently, the company has emerged as India’s first space-tech unicorn and now ranks among the country’s most well-funded space startups. The milestone also highlights the rapid growth of India’s private space sector and the increasing global investor interest in space technology, satellite launch services, orbital rockets, and aerospace innovation.

“We at Skyroot are excited about the upcoming Vikram-1 launch, India’s first private orbital rocket, marking a significant milestone both for India and the global space sector. This investment signals confidence from some of the world’s most reputed investors in Skyroot,” said Pawan Kumar Chandana, co-founder & CEO, Skyroot Aerospace.

The company successfully completed an orbital launch in 2023 and is currently preparing for another launch scheduled in the coming weeks. At the same time, the startup continues expanding its launch capabilities to strengthen India’s position in the global commercial space market.

“I’ve believed in the Skyroot team since the early days, and that conviction has only deepened as the team marches forward to the launchpad with Vikram-1, India’s first private orbital-class rocket. Access to space is one of the key challenges of our time,” said Ram Shriram, Founder & Managing Partner, Sherpalo Ventures.

“Skyroot is building the foundational infrastructure for that future with the best cost-to-performance ratio in the orbital-launch industry, and what the team has achieved is remarkable. I am proud to deepen my partnership with them as they take their next giant leap,” he added.

The company plans to use the newly raised capital to establish a higher launch cadence for Vikram-1 missions, scale manufacturing operations, and accelerate the development of Vikram-2, a one-tonne class launch vehicle powered by an advanced cryogenic stage. Additionally, the expansion will allow Skyroot Aerospace to serve a broader range of customers and support more complex space missions across international markets.

With this latest funding round, Skyroot Aerospace has now raised more than $160 million (around Rs 1,500 crore) in total funding. The development further reinforces investor confidence in India’s booming space-tech ecosystem, private rocket launch industry, satellite deployment market, and next-generation aerospace infrastructure.

Skyroot Aerospace’s latest funding milestone marks a transformative moment for India’s private space industry. As the company moves closer to the launch of Vikram-1 and advances the development of future launch vehicles, Skyroot continues strengthening India’s global presence in commercial space exploration, orbital launch technology, and aerospace innovation.

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