Dhruva Space received ₹60 crore from the Antariksh Venture Capital Fund on 13 July 2026; it is the fund’s first investment.
Antariksh Venture Capital Fund — key features
- Corpus: ₹1,600 crore.
- Anchor: IN-SPACe (Indian National Space Promotion and Authorisation Centre).
- Fund manager: SIDBI Venture Capital Ltd (venture arm linked to SIDBI).
- Purpose: Provide institutional capital to private space‑technology companies at various growth stages.
Dhruva Space — investment details
- Transaction: ₹60 crore invested on 13 July 2026 as the fund’s inaugural disbursement.
- Round status: Pre‑Series B round now totals ₹275 crore (₹150 crore equity; ₹125 crore debt).
- Business scope: Satellite platforms, space infrastructure, mission services and strategic national programmes.
- Location & order book: Headquartered in Hyderabad; order book exceeds ₹500 crore.
Key facts for exams
- IN-SPACe role: Agency to promote and authorise private sector participation in India’s space activities; operates under the Department of Space.
- SIDBI: Small Industries Development Bank of India is the primary development finance institution for MSMEs; SIDBI Venture Capital Ltd manages the Antariksh Fund.
- Fund classification: Government‑backed sovereign space‑technology venture fund aimed at catalysing private financing in the space sector.
- Date of first investment: 13 July 2026.