Dhruva Space Gets ₹60 Crore from Antariksh Fund

Hyderabad-based spacetech company Dhruva Space secured ₹60 crore from the Antariksh Venture Capital Fund on 13 July 2026. The company became the first recipient of investment from the fund, which is India’s sovereign space-tech fund with a corpus of ₹1,600 crore.

Antariksh Venture Capital Fund

The Antariksh Venture Capital Fund is anchored by the Indian National Space Promotion and Authorisation Centre, known as IN-SPACe. SIDBI Venture Capital Ltd manages the fund, which was created to provide institutional capital to private space-technology companies at different stages of growth.

Dhruva Space and Pre-Series B Funding

The ₹60 crore investment forms part of Dhruva Space’s ongoing pre-Series B round. The round now totals ₹275 crore, including ₹150 crore in equity and ₹125 crore in debt financing. Dhruva Space is a full-stack space engineering solutions provider based in Hyderabad. Its business areas include satellite platforms, space infrastructure, mission services, and strategic national programmes.

Business Areas and Expansion Plans

The company plans to use the new capital for satellite manufacturing, space infrastructure development, and critical technology development. It also serves domestic and international customers in the space sector. Dhruva Space has an order book of more than ₹500 crore across satellite platforms, space infrastructure, mission services, and strategic national programmes.

Important Facts for Exams

• IN-SPACe is the Indian National Space Promotion and Authorisation Centre, a body linked to private sector participation in India’s space sector.
• SIDBI Venture Capital Ltd is the fund manager of the Antariksh Venture Capital Fund.
• Dhruva Space is based in Hyderabad, Telangana.
• The Antariksh Venture Capital Fund has a total corpus of ₹1,600 crore.

Space-Tech Funding in India

India’s private space sector includes satellite systems, launch-related services, and space infrastructure companies. The Antariksh Venture Capital Fund is designed to support private space-technology firms with institutional capital.