Dhurva Space receives Rs 60 Cr under Antariksh Venture Capital Fund

Hyderabad-based Dhurva Space has become the first company to receive investment under the Antariksh Venture Capital Fund (AVCF), India’s venture capital fund dedicated to the space sector. The fund, with a corpus of more than Rs 1,000 crore, has been established under the aegis of IN-SPACe and is managed by SIDBI Venture Capital Limited, a wholly owned subsidiary of the Small Industries Development Bank of India (SIDBI). Dhurva Space has received Rs 60 crore in investment, which it aims to use f