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SIDBI VC’s makes first close of spacetech fund at Rs.1,005-Cr

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SIDBI Venture Capital Ltd (SVCL) has announced the first close of its “Antariksh Venture Capital Fund” at INR 1,005 crore. The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has committed INR 1,000 crore as the anchor investor. The fund, registered as a Category II Alternative Investment Fund with a planned 10-year life, aims for a target size of INR 1,600 crore and will seek further capital from domestic and overseas institutional backers, including sovereign investors, under a green shoe option.The Antariksh Venture Capital Fund is designed to invest in early-stage and growth-stage Indian spacetech companies. Its investment scope includes launch systems, satellite manufacturing, in-space services, ground segment operations, earth observation platforms, communications, and downstream applications that convert space-based data into commercial or public services.This fund, SVCL's 12th venture capital vehicle, is aligned with India's national mission to expand its space economy to an estimated USD 44 billion by 2033 and the goals outlined in India’s Space Vision 2047.