New Delhi: India’s space VC fund is set to begin investments from FY2027, marking a major step in boosting the country’s growing spacetech startup ecosystem.
Union Minister Dr. Jitendra Singh said the “Antariksh Venture Capital Fund” has been operationalised with a committed corpus of ₹1,005 crore. The fund aims to support innovation and private participation in the space sector.
Space VC fund operationalised with ₹1,005 crore corpus
The fund has been established by SIDBI Venture Capital Limited as the investment manager. It received registration from SEBI on October 31, 2025, and achieved its initial closing in November 2025.
Moreover, key post-registration formalities have been completed. These include the appointment of a custodian, registration with depositories and formation of Screening and Investment Committees.
Startup evaluation underway
Dr. Jitendra Singh said evaluation of spacetech startups is currently in progress. Notably, four proposals have already reached an advanced stage after receiving Pre-Investment Committee approval.
He added that many startups are still in early stages and require structured guidance. Therefore, the government is extending handholding support to help them meet investment and documentation standards.
Investments expected from FY2027
The Minister expressed confidence that funding approvals and disbursements will begin in early FY2027. This will follow detailed appraisal, due diligence and completion of required documentation.
Furthermore, the initiative is expected to strengthen India’s position in the global space economy. It will also encourage innovation and expand private sector participation.
Overall, the space VC fund represents a significant push towards building a competitive and sustainable spacetech ecosystem in India.
