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Bansal Skyroot bet returns sixty fold
Moneycontrol··22 Jul
Myntra founder Mukesh Bansal invested about Rs 12 crore in Skyroot Aerospace across three rounds from 2018 to 2020, and the stake is now worth roughly Rs 700 crore. Tracxn data cited in reports show partial exits above Rs 100 crore plus a remaining holding near 5.67 percent valued above Rs 600 crore after Skyroot's unicorn status.
Prism
What It Means For You
- Startup founders may see renewed investor interest in Indian deeptech after Skyroot's orbital success.
- Angel investors could study how long holding periods can pay off in capital-intensive sectors.
- Job seekers may find more roles as private space firms scale after validation events.
What's Happening
- Myntra founder Mukesh Bansal's Rs 12 crore Skyroot bet is now worth about Rs 700 crore.
- He invested across three rounds from 2018 to 2020 and was an early backer of the startup.
- Returns include partial exits above Rs 100 crore and a remaining stake near 5.67 percent.
Early Space Bet Reaches Unicorn Scale
- Skyroot became India's first spacetech unicorn and completed an orbital Vikram-1 launch in 2026.
- The company was valued at about USD 1.1 billion after its May 2026 Series C round.
- India opened the space sector to private players in 2020, enabling startups like Skyroot to grow.
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