Ahmedabad, India: Hyderabad-based Dhruva Space has become the first company to secure investment from the Antariksh Venture Capital Fund (AVCF), marking a key milestone in India’s efforts to strengthen its private space technology ecosystem. The funding is expected to accelerate the company’s satellite manufacturing capabilities, expand infrastructure and support the next phase of its growth.
The investment positions Dhruva Space as the inaugural recipient of capital from the Antariksh Venture Capital Fund, India’s sovereign venture fund dedicated to the space sector. Managed by SIDBI Venture Capital Limited under the guidance of IN-SPACe, the fund was created to encourage innovation and help Indian space technology companies scale advanced capabilities.
Dhruva Space said the fresh capital will be used to strengthen research and development, increase manufacturing capacity and expand its integrated space technology offerings. The company has been building end-to-end capabilities across satellite platforms, launch integration and ground station infrastructure, with the latest investment expected to support faster execution of future missions.
The funding also reflects growing institutional backing for India’s commercial space industry, where private companies are taking on a larger role in satellite development and space-based services. By supporting businesses with long-term capital, the Antariksh Venture Capital Fund aims to help domestic space startups compete globally while contributing to India’s ambitions in the expanding space economy.
Dhruva Space described the investment as an important milestone not only for the company but also for the country’s evolving private space sector. It believes the backing validates its technology-led approach and provides additional momentum to strengthen indigenous space capabilities.
The company has steadily expanded its presence through the development of satellite platforms, mission support services and ground infrastructure designed for commercial, government and defence applications. With the new investment, it plans to deepen these capabilities while preparing for the next stage of operational growth.
As India’s space sector opens further to private participation, the first deployment of capital from the sovereign space technology fund signals increasing confidence in domestic innovation. For Dhruva Space, the investment marks the beginning of a new growth chapter, while highlighting the government’s focus on building a globally competitive space technology ecosystem through targeted financial support.
Source: This article is based on an official press release issued by Dhruva Space
Dhruva Space Becomes First Recipient of Investment Under India’s Sovereign Space-Tech Fund, the Antariksh Venture Capital Fund
