SIDBI Venture Capital announces ₹1,005 crore first close for India’s…

Team S · 2025-12-29T11:42:52.000Z

SIDBI Venture Capital Ltd (SVCL), the venture arm of the Small Industries Development Bank of India (SIDBI), has completed the first close of ₹1,005 crore (about $120 million) for its Antariksh Venture Capital Fund, a dedicated spacetech investment vehicle targeting early- and growth-stage Indian space startups. The fund, envisioned to raise up to ₹1,600 crore (roughly $195 million), is positioned as India’s largest spacetech-focused venture capital fund and among the biggest globally. The Antariksh Venture Capital Fund (AVCF) received a ₹1,000 crore anchor commitment from the Indian National Space Promotion and Authorisation Centre (IN-SPACe), the government agency mandated to promote the private space sector in India. This major anchor backing forms the bulk of the first close and reflects strong public-sector confidence in expanding commercial space innovation. Registered as a Category II alternative investment fund with a 10-year tenure, AVCF will deploy capital across a range of spacetech segments, including launch systems, satellites and payloads, in-space operations, ground infrastructure, earth observation and communications. The fund’s mandate supports India’s broader space ambitions, including the government’s aim to build a $44 billion space economy by 2033. SVCL’s Antariksh fund is the firm’s 12th venture capital product, and its first close underscores a growing ecosystem of deep-tech investment in India. Following the anchor investment, SVCL plans to mobilise additional commitments from domestic and international institutional and sovereign investors under a green-shoe option as it pushes toward its ₹1,600 crore target. #spacetech #VCfund #venturecapital #India #DeepTech #AntarikshFund #SIDBIVentureCapital #INSPACe #spaceeconomy

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SIDBI Venture Capital announces ₹1,005 crore first close for India’s… | Newnex