Overview
- Dhruva Space received a ₹60 crore investment from the Antariksh Venture Capital Fund on Monday, making it the fund's first deployment.
- The infusion raises Dhruva's ongoing pre-Series B to ₹275 crore to date, comprising ₹150 crore in equity and ₹125 crore in debt.
- Dhruva says the capital will speed infrastructure build-out, ramp satellite manufacturing and help execute an order book the company values at more than ₹500 crore.
- AVCF is a SIDBI-managed Category II alternative investment fund anchored by a ₹1,000 crore commitment from IN‑SPACe and it targets a ₹1,600 crore corpus to back roughly 35 spacetech firms.
- The investment signals that budgeted space-sector policy is moving into execution and could attract more institutional capital, strengthen domestic supply chains and expand high‑skill manufacturing jobs as further deployments follow.