business π Skyroot in talks for $280M investment
Skyroot is currently being valued between $2.8 and $3 billion. Fidelity is reportedly set to invest $170-190 million, alongside General Catalyst's $70-80 million and Benchmark's $20-30 million. This significant funding round is noted as the first bet from Valley VCs in India. The talks were reported on September 24, 2026. This capital injection is set to fuel Skyroot's next phase of growth and operations. π