SIDBI Announces First Close Of Antariksh Spacetech Fund At INR 1,005 Cr

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SUMMARY

SIDBI Venture Capital Ltd (SVCL), the investment arm of SIDBI, has announced the first close of Antariksh Venture Capital Fund (AVCF) at INR 1,005 Cr

The firm is targeting a total corpus of INR 1,600 Cr for the fund from domestic and international investors, including institutional and sovereign funds

Registered as a Category II AIF with a ten year tenure, the fund will invest across early and growth stage Indian spacetech startups

SIDBI Venture Capital Ltd (SVCL), the…



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SIDBI Announces First Close Of Antariksh Spacetech Fund At INR 1,005 Cr


SUMMARY

SIDBI Venture Capital Ltd (SVCL), the investment arm of SIDBI, has announced the first close of Antariksh Venture Capital Fund (AVCF) at INR 1,005 Cr

The firm is targeting a total corpus of INR 1,600 Cr for the fund from domestic and international investors, including institutional and sovereign funds

Registered as a Category II AIF with a ten year tenure, the fund will invest across early and growth stage Indian spacetech startups

SIDBI Venture Capital Ltd (SVCL), the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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