KTR congratulates Skyroot Aerospace on unicorn milestone

K T Rama Rao congratulated Hyderabad-based Skyroot Aerospace for becoming India’s first space-tech unicorn valued at $1 billion. He said the achievement highlights the strength of Telangana’s startup ecosystem and the potential of Indian innovation in the space sector.

Hyderabad: BRS working president KT Rama Rao congratulated Hyderabad-based Skyroot Aerospace for becoming India’s first space-tech unicorn.

In a statement, Rama Rao said the achievement marked a major milestone for the Indian space-tech industry, with Skyroot Aerospace becoming the country’s first company valued at $1 billion to emerge from the Indian space-tech industry. He said the company which was incubated at T-Hub Hyderabad, had reached the milestone in a short span and became an inspiration.

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Calling it a proud moment for Telangana’s startup ecosystem, the former Minister said the success of Skyroot was testament to the immense potential of Indian talent and ambition. He extended his wishes to the company’s founders, Pawan Kumar Chandana and Naga Bharath Daka, along with the entire team. “Keep making Telangana and India proud,” he said.