SIDBI Venture Capital Ltd (SVCL), a wholly owned subsidiary of SIDBI, has announced the first close of its new Antariksh Venture Capital Fund (AVCF) at Rs 1,005 crore, anchored almost entirely by Rs 1,000 crore from IN-SPACe.
The spacetech-focused fund is targeting a total corpus of Rs 1,600 crore. It will invest across early and growth stages in Indian spacetech startups involved in launch systems, satellites and payloads, in-space services, ground infrastructure, earth observation, communications and downstream applications.
This is SVCL’s 12th…

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