Dhruva Space secures ₹60-crore investment from space-tech fund AVCF
Dhruva Space has secured a ₹60-crore investment from the Antariksh Venture Capital Fund to scale its satellite manufacturing and space infrastructure. This funding marks the first investment from the IN-SPACe-anchored fund and brings the company's total pre-Series B raise to ₹275 crore.
Why it matters
This investment signals growing institutional support for India's private space sector, which is critical for the country's goal of becoming a global hub for space technology.
Space engineering solutions provider Dhruva Space has secured a ₹60-crore investment from the Antariksh Venture Capital Fund (AVCF).
It is the first company to receive funding from the dedicated space-tech fund anchored by IN-SPACe and managed by SIDBI Venture Capital, said Dhruva Space on the announcement made at the IN-SPACe Industry Connect event in Ahmedabad on Monday.
“Our first investment reflects strong belief that the next generation of space leaders will be built by companies that can integrate innovation, manufacturing, mission execution and commercial deployment under one roof. Dhruva Space has established itself as a full-stack space company with the vision,” SIDBI Venture Capital MD and CEO Arup Kumar said in a release.
Established with a corpus of ₹1,600 crore, the primary objective of AVCF is to provide institutional capital to space-tech start-ups at various stages of development, supporting the scaling of operations and the commercialisation of new technologies.
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