India’s spacetech startup Skyroot has crossed a $1 billion valuation after a significant funding round to advance its Vikram-series orbital rockets. Meanwhile, Wint Wealth is scaling its retail bond platform with plans to broaden its financial services.
- Skyroot’s valuation doubles to $1.1 billion after $60M raise
- Wint Wealth targets Series B to broaden wealth platform
- Zee files copyright suit against JioStar over music usage
What happened
Skyroot became India’s 129th unicorn after securing $60 million in funding led by Sherpalo Ventures and GIC, doubling its valuation from $550 million in 2023 to $1.1 billion. The capital will support impending launches of its Vikram-1 rocket and the development of Vikram-2 with advanced cryogenic technology.
In parallel, fintech startup Wint Wealth, which began in 2019, is preparing for a Series B funding round. It has grown its user base to about 200,000 investors by focusing on curated co-investment and educating retail customers about bonds, aiming to extend its services into advisory and alternative investments.
Why it matters
Skyroot’s success highlights India’s emergence in the private space launch domain, with the startup's ambition to reduce dependence on foreign providers and foster a domestic launch ecosystem for the Global South. Its progress builds on collaboration with ISRO and a unique manufacturing capability.
Wint Wealth’s approach to retail bond investing addresses a gap in India’s financial market by providing an accessible and scalable platform for urban, affluent investors. Its rapid growth and planned expansion reflect wider trends in digital wealth management and diversification beyond traditional equity investments.
What to watch next
Skyroot is expected to begin launching Vikram-1 soon, which will serve as a key milestone in proving its reliability and cost-effectiveness to global customers. The development of Vikram-2 will also be closely watched as it could enable more sophisticated payloads and greater market reach.
Wint Wealth’s upcoming Series B round and expansion into advisory and alternative investments will be pivotal in determining its ability to challenge incumbent wealth platforms. Additionally, legal developments such as Zee’s music copyright lawsuit against JioStar and ongoing acquisitions in the digital economy could reshape competitive dynamics in related sectors.