SIDBI hits first close of Antariksh Fund at Rs 1,005 Cr

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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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SIDBI hits first close of Antariksh Fund at Rs 1,005 Cr


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…



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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