In TrendsStock MarketNSE IPO ListingStocks to BuyOil PricesGold and SilverSkyroot Aerospace in talks to raise up to $300 million from Fidelity, General Catalyst and Benchmark: ReportThe proposed funding could value the Hyderabad-based space-tech startup at up to $3 billion, nearly three times its previous valuation. Benchmark’s potential investment would also mark the VC firm’s first known direct bet on an Indian company.By CNBCTV18.com September 24, 2026, 10:11:40 PM IST (Published)Hyderabad-based space-tech startup Skyroot Aerospace is in advanced discussions to raise $280-300 million (₹2,600-2,850 crore) from global investment firms Fidelity, General Catalyst and Benchmark, according to a Moneycontrol report citing four people familiar with the matter.The proposed funding round could value Skyroot at around $2.8-3 billion, the report said, although the size and valuation could change depending on participation from the company's existing investors.Fidelity is expected to invest around $170-190 million, while General Catalyst could contribute $70-80 million. Benchmark is likely to invest $20-30 million, according to people cited in the report. Benchmark eyes India debut as Skyroot valuation surgesIf completed, the deal would mark Benchmark's first known direct investment in an Indian company. The Silicon Valley-based venture capital firm has previously backed companies such as Uber, Twitter, now X, and…
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