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As reported by Business Insider, Skyroot Aerospace was founded by two former scientists of the Indian Space Research Organisation (ISRO), Pawan Kumar Chandana and Naga Bharath Daka
Skyroot Aerospace is backed by Myntra founder Mukesh Bansal and other angel investors with $4.3 million in the bag and plans to raise another $15 million next year.
Expected to be launched in 2021, Vikram-1 vehicle will become India’s first privately designed, developed and tested rocket.