Ram Shriram’s Sherpalo Ventures to lead $60 million funding round in Skyroot; valuation hits $1 billion

Ram Shriram, the American billionaire investor who was the first backer of Google, is leading a $60 million funding round in Skyroot Aerospace, at a billion-dollar valuation, making the Hyderabad-based startup that had India’s first private sector rocket into space, the country’s first space tech unicorn, people in the know told ET.

Shriram is an existing board member of Google’s parent company Alphabet. His venture Sherpalo Ventures had led a previous $4.5 million Series B round of Skyroot in January 2022.