GIC and BlackRock-managed funds anchor a fresh round that more than doubles the company’s 2023 valuation. The round is timed to the planned orbital launch of Vikram-1 from Sriharikota, the first private Indian rocket to attempt the milestone. Skyroot Aerospace , the Hyderabad-based private launch-vehicle developer, has crossed into unicorn territory with a fresh round backed by GIC and BlackRock-managed funds, Bloomberg reported on Wednesday . The deal makes Skyroot India’s first space-technology company to reach a $1bn-plus valuation, the kind of milestone the country’s still-nascent private space sector has been working toward since regulatory liberalisation in 2020. The trajectory is striking. Skyroot’s last priced round, a $51m Series B led by GIC in 2023, valued the company at roughly $519m. Reports of an imminent unicorn round began surfacing in April , with the new round structured to roughly double that figure. The current Bloomberg confirmation closes the question.…