# GIC

Type: Company

Source: Startup Intelligence Brief — https://getstartupbrief.com/entity/gic
Canonical HTML page: https://getstartupbrief.com/entity/gic

## Timeline

- **2026-06-15**: Public Disclosure via Newspaper Ad — The company disclosed the filing in a newspaper advertisement, formally signaling the IPO launch process.
- **2026-06-12**: Confidential DRHP Filed — Razorpay submitted its pre-filed draft red herring prospectus to SEBI and stock exchanges via the confidential route.
- **2026-06-10**: Shareholder Approval — Shareholders approved a plan to raise Rs 2,700 crore through a fresh issue and offer for sale as part of the IPO.
- **2026-02-18**: Unicorn Funding Pursuit — Reports emerge of a $200M raise to achieve a $1B valuation and scale orbital missions.
- **2025**: Reverse Flip to India Completed — Razorpay completed its reverse flip from the US to India after receiving approvals from the RBI and Ministry of Corporate Affairs, converting into a public limited company.
- **2023-10-30**: Series C Funding — Raised $51 million led by GIC to scale up launch vehicle development.
- **2022-11-18**: Vikram-S Launch — Successfully launched India's first privately developed rocket into sub-orbital space.
- **2018-06-12**: Company Founded — Skyroot Aerospace founded by former ISRO scientists Pawan Kumar Chandana and Naga Bharath Daka.

## Recent coverage (3 stories)

### SBI Funds’ $12.24B IPO Signals Busy H2 for Indian Startup Exits
2026-07-25 18:48:08 · Sentiment: Very Bullish · Impact: 7/10 · Sources: 2

The $12.24 billion valuation set by SBI Funds Management in its IPO indicates robust public market appetite for financial services, boding well for upcoming IPOs from Reliance Jio, NSE, and venture-backed startups. We analyze the exit environment and what it means for India's startup ecosystem.
Full story: https://getstartupbrief.com/story/sbi-funds-12b-valuation-startup-exit-pipeline

### Razorpay Files for $600M IPO at $5-6B Valuation After Reverse Flipping to India
2026-06-15 04:45:03 · Sentiment: Bullish · Impact: 7/10 · Sources: 2

Razorpay's confidential IPO filing marks a landmark moment for Indian startup ecosystem: a $5-6 billion listing after a reverse flip, backed by YC and Peak XV, but at a lower valuation than its 2021 peak. It sets the stage for VC exits and a new realistic pricing norm.
Full story: https://getstartupbrief.com/story/razorpay-600m-ipo-valuation-down-round-startup-exit

### Skyroot Aerospace Targets $200M Raise to Become India's First Space-Tech Unicorn
2026-02-19 00:24:56 · Sentiment: Bullish · Impact: 7/10 · Sources: 2

Hyderabad-based Skyroot Aerospace is seeking to raise between $150 million and $200 million to accelerate its commercial launch capabilities and global expansion. The funding round, which could value the company at nearly $1 billion, would cement Skyroot's position as the leader in India's rapidly maturing private space sector.
Full story: https://getstartupbrief.com/story/skyroot-aerospace-200m-funding-round-space-tech-unicorn

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