Centre’s Spacetech Fund Makes Maiden Investment, Backs Dhruva Space With ₹60 Cr

Spacetech startup Dhruva Space has netted ₹60 Cr ($6.3 Mn) in funding from IN-SPACe’s recently commissioned VC fund Antariksh Venture Capital Fund (AVCF). The fresh investment in the spacetech startup is part of its ongoing pre-Series B funding round which stands at ₹275 Cr raised to date, comprising ₹150 Cr in equity and ₹125 Cr in debt financing. The investment marks the maiden deployment from the SIDBI-managed ₹1,600 Cr Antariksh Venture Capital Fund (AVCF), a dedicated spacetech fund anchore