Skyroot eyes funding boost; MDR deferment cheers D2C brands
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Skyroot Aerospace is in talks to raise $300 million to scale rocket production.
- ✓Meanwhile, the government’s decision to defer the merchant discount rate on UPI payments brought cheer to many D2C brands.
- ✓This relief helps companies protect their margins during the festive season as they offer discounts to their customers.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
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Happy Thursday! Skyroot is eyeing a big funding round as it gears up to scale rocket production. This and more in today's ETtech Morning Dispatch.
Also in the letter:
■ Techies return from the US
■ Groww Q2 net profit jumps
■ Udaan returns to revenue growth
Naga Bharath Daka and Pawan Kumar Chandana, founders, Skyroot Aerospace
Skyroot Aerospace is in talks to raise $300 million in two tranches priced at different valuations, as the spacetech unicorn looks to scale up rocket production following its maiden orbital mission.
Deal details:
Tell me more: At the upper end, the round would nearly triple Skyroot's valuation barely five months after it raised $60 million at a $1.1-billion valuation in May. Skyroot has raised about $160 million to date.
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Economic Times
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